Etymology
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spud (n.)

mid-15c., "small or poor knife," of uncertain origin probably related to Danish spyd, Old Norse spjot "spear," German Spiess "spear, lance"). Meaning "spade" is from 1660s; sense of "short or stumpy person or thing" is from 1680s; that of "potato" is first recorded 1845 in New Zealand English.

updated on November 19, 2012

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Definitions of spud from WordNet
1
spud (v.)
initiate drilling operations, as for petroleum;
The well was spudded in April
spud (v.)
produce buds, branches, or germinate;
Synonyms: shoot / germinate / pullulate / bourgeon / burgeon forth / sprout
2
spud (n.)
an edible tuber native to South America; a staple food of Ireland;
Synonyms: potato / white potato / Irish potato / murphy / tater
spud (n.)
a sharp hand shovel for digging out roots and weeds;
Synonyms: stump spud
Etymologies are not definitions. From wordnet.princeton.edu, not affiliated with etymonline.