Webster's English Dictionary

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hobby

1. hob.by \'ha:b-e-\ \-e--*st\ n [short for hobbyhorse] : a pursuit outside 
   one's regular occupation engaged in for relaxation  - hob.by.ist n
2. hobby n [ME hoby, fr. MF hobe`] : a small Old World falcon (Falco 
   subbuteo) formerly trained and flo wn at small birds