Webster's English Dictionary

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picot

1. pi.cot \'pe--(.)ko-, pe--'\ n [F, lit., small point, fr. MF, fr. pic 
   prick, fr. piquer to prick -m more at PIKE : one of a series of small 
   ornamental loops forming an edging on ribbon or  lace
2. picot vt : to finish with a picot