Etymology
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retread (v.)

"put a new tread on (a tire)," 1908; see re- "back, again" + tread (n.). The noun is attested from 1914; in World War I it was Australian slang for "a re-enlisted soldier."

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Definitions of retread
1
retread (v.)
use again in altered form;
retread an old plot
Synonyms: rework / make over
retread (v.)
give new treads to (a tire);
Synonyms: remold / remould
2
retread (n.)
a used automobile tire that has been remolded to give it new treads;
Synonyms: recap
From wordnet.princeton.edu