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From The Collaborative International Dictionary of English v.0.48:
Giglot \Gig"lot\, Giglet \Gig"let\, n. [Cf. Icel. gikkr a pert, rude person, Dan. giek a fool, silly man, AS. gagol, g[ae]gl, lascivious, wanton, MHG. gogel wanton, giege fool, and E. gig a wanton person.] A wanton; a lascivious or light, giddy girl. [Obs.] [1913 Webster] The giglet is willful, and is running upon her fate. --Sir W. Scott. [1913 Webster]