noun

1. a short, usually tapering or pointed piece of wood, metal, etc. used to hold parts together or in place, or to close an opening, as in a barrel
2. a projecting pin or bolt used to hang things on, fasten ropes to, mark degrees of measurement or keep the score in a game, etc.
3. 1. the distance between pegs
   2. a step or degree
   3. a fixed level, as for a price
4. any of the pins which hold, and are used in regulating the tension of, the strings of a violin or other stringed instrument
5. a point or prong for tearing, hooking, etc.
6. a point of reference, esp. an excuse or reason
7. Informal the foot or leg
8. Informal an act or instance of throwing; esp., a hard, accurate throw from a baseball fielder
9. Brit. clothespin
10. Brit., Informal a drink, esp. of brandy or whiskey and soda

Etymology: ME pegge, prob. < LowG source, as in Du peg, wooden plug < IE base *bak-, staff > L baculum, stick

transitive verb pegged, pegging peg′·ging

1. to put a peg or pegs into so as to fasten, secure, mark, etc.
2. to mark (a boundary, claim, etc.) with pegs: usually with out
3. to strike with a peg so as to pierce or hook
4. to maintain (prices, etc.) at a fixed level
5. to score (points) in cribbage during the play of a hand
6. Informal to give support, relevance, or perspective to (an idea, news story, etc.) by relating it to something else
7. Informal to identify or categorize pegged him as a man of action
8. Informal to throw; esp., to throw forcefully to peg a ball to first base

intransitive verb

1. to score points in cribbage during the play of a hand
2. to move energetically or quickly: usually with down, along, etc.