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From The Collaborative International Dictionary of English v.0.48:
Gimlet \Gim"let\, n. [Also written and pronounced gimbled] [OF. guimbelet, guibelet, F. gibelet, prob. fr. OD. wimpel, weme, a bore, wemelen to bore, to wimble. See Wimble, n.] A small tool for boring holes. It has a leading screw, a grooved body, and a cross handle. [1913 Webster] Gimlet eye, a squint-eye. [Colloq.] --Wright. [1913 Webster]