From The Collaborative International Dictionary of English v.0.48:
Spool \Spool\ (sp[=oo]l), n. [OE. spole, OD. spoele, D. spoel;
akin to G. spule, OHG. spuola, Dan. & Sw. spole.]
A piece of cane or reed with a knot at each end, or a hollow
cylinder of wood with a ridge at each end, used to wind
thread or yarn upon.
[1913 Webster]
Spool stand, an article holding spools of thread, turning
on pins, -- used by women at their work.
[1913 Webster]
From The Collaborative International Dictionary of English v.0.48:
Spool \Spool\, v. t. [imp. & p. p. Spooled (sp[=oo]ld); p. pr.
& vb. n. Spooling.]
To wind on a spool or spools.
[1913 Webster]