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wheel (n.)

Old English hweol, hweogol "wheel," from Proto-Germanic *hwewlaz (source also of Old Norse hvel, Old Swedish hiughl, Old Frisian hwel, Middle Dutch weel), from PIE *kw(e)-kwl-o- "wheel, circle," suffixed, reduplicated form of root *kwel- (1) "revolve, move round; sojourn, dwell."

Figurative sense is early 14c. Wheel of fortune attested from early 15c. Slang wheels "a car" is recorded from 1959. Wheeler-dealer is from 1954, a rhyming elaboration of dealer.

wheel (v.)

"to turn like a wheel," c. 1200, from wheel (n.); transitive sense attested from late 14c. Related: Wheeled; wheeling.

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Definitions of wheel from WordNet
1
wheel (n.)
a simple machine consisting of a circular frame with spokes (or a solid disc) that can rotate on a shaft or axle (as in vehicles or other machines);
wheel (n.)
a handwheel that is used for steering;
Synonyms: steering wheel
wheel (n.)
forces that provide energy and direction;
the wheels of government began to turn
wheel (n.)
a circular helm to control the rudder of a vessel;
wheel (n.)
game equipment consisting of a wheel with slots that is used for gambling; the wheel rotates horizontally and players bet on which slot the roulette ball will stop in;
Synonyms: roulette wheel
wheel (n.)
an instrument of torture that stretches or disjoints or mutilates victims;
Synonyms: rack
wheel (n.)
a wheeled vehicle that has two wheels and is moved by foot pedals;
Synonyms: bicycle / bike / cycle
2
wheel (v.)
change directions as if revolving on a pivot;
They wheeled their horses around and left
Synonyms: wheel around
wheel (v.)
wheel somebody or something;
Synonyms: wheel around
wheel (v.)
move along on or as if on wheels or a wheeled vehicle;
Synonyms: roll
wheel (v.)
ride a bicycle;
Synonyms: bicycle / cycle / bike / pedal
From wordnet.princeton.edu