Etymology
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spigot (n.)

late 14c., "plug used to stop the hole of a cask," according to Barnhart probably from Old French *espigot (compare Gascony dialect espigot "core of a fruit, small ear of grain"), diminutive of Old Provençal espiga "ear of grain," from Latin spica "ear of grain" (see spike (n.2)). Meaning "valve for controlling the flow of a liquid" is from 1520s; the connecting notion is "that which controls or restrains."

updated on November 06, 2013

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Definitions of spigot from WordNet

spigot (n.)
a plug for a bunghole in a cask;
Synonyms: tap
spigot (n.)
a regulator for controlling the flow of a liquid from a reservoir;
Synonyms: faucet
From wordnet.princeton.edu, not affiliated with etymonline.