The Collaborative International Dictionary of English v.0.48:

Puncture \Punc"ture\, v. t. [imp. & p. p. Punctured; p. pr. &
   vb. n. Puncturing.]
   To pierce with a small, pointed instrument, or the like; to
   prick; to make a puncture in; as, to puncture the skin.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Puncture \Punc"ture\, n. [L. punctura, fr. pungere, punctum, to
   prick. See Pungent.]
   1. The act of puncturing; perforating with something pointed.
      [1913 Webster]

   2. A small hole made by a point; a slight wound, bite, or
      sting; as, the puncture of a nail, needle, or pin.
      [1913 Webster]

            A lion may perish by the puncture of an asp.
                                                  --Rambler.
      [1913 Webster]

WordNet (r) 3.0 (2006):

puncture
    n 1: loss of air pressure in a tire when a hole is made by some
         sharp object
    2: a small hole made by a sharp object
    3: the act of puncturing or perforating
    v 1: pierce with a pointed object; make a hole into; "puncture a
         tire"
    2: make by piercing; "puncture a hole"
    3: reduce or lessen the size or importance of; "The bad review
       of his work deflated his self-confidence" [syn: deflate,
       puncture]
    4: cause to lose air pressure or collapse by piercing; "puncture
       an air balloon"
    5: be pierced or punctured; "The tire punctured"