Webster's English Dictionary

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peat

1. peat \'pe-t\ \'pe-t-e-\ n [ME pete, fr. ML peta] often attrib  1: TURF  
   2: partially carbonized vegetable tissue formed by partial decomposition in 
    water of various plants (as mosses of the genus Sphagnum) - peaty aj
2. peat n [origin unknown] : a bold gay woman