Wordnet 3.0
NOUN (1)
1. 
 a relatively coarse lace; 
 made by weaving and knotting cords; 
VERB (1)
1. 
 make knotted patterns; 
- Example: "macrame a plant holder"
The Collaborative International Dictionary of English v.0.48:
Macrame \Mac"ra*me\, n.
   1. the art of tying knots in patterns.
      [PJC]
   2. a coarse lace, made by weaving and knotting cords;
      macrame lace.
      [WordNet 1.5]
WordNet (r) 3.0 (2006):
macrame
    n 1: a relatively coarse lace; made by weaving and knotting
         cords
    v 1: make knotted patterns; "macrame a plant holder"