From The Collaborative International Dictionary of English v.0.48:
Bauble \Bau"ble\ (b[add]"b'l), n. [Cf. OF. baubel a child's
plaything, F. babiole, It. babbola, LL. baubellum gem, jewel,
L. babulus, a baburrus, foolish.]
1. A trifling piece of finery; a gewgaw; that which is gay
and showy without real value; a cheap, showy plaything.
[1913 Webster]
The ineffective bauble of an Indian pagod.
--Sheridan.
[1913 Webster]
2. The fool's club. [Obs.] "A fool's bauble was a short stick
with a head ornamented with an ass's ears fantastically
carved upon it." --Nares.
[1913 Webster]