Source : Webster's Revised Unabridged Dictionary (1913)

Woold \Woold\, v. t. [imp. & p. p. {Woolded}; p. pr. & vb. n.
   {Woolding}.] [D. woelen, bewoelen; akin to G. wuhlen,
   bewuhlen. [root]146.] (Naut.)
   To wind, or wrap; especially, to wind a rope round, as a mast
   or yard made of two or more pieces, at the place where it has
   been fished or scarfed, in order to strengthen it.

Woolding \Woold"ing\, n. (Naut.)
      (a) The act of winding or wrapping anything with a rope,
          as a mast.
      (b) A rope used for binding masts and spars.