Source : Webster's Revised Unabridged Dictionary (1913)

Handicraft \Hand"i*craft\, n. [For handcraft, influenced by
   handiwork; AS. handcr[ae]ft.]
   1. A trade requiring skill of hand; manual occupation;
      handcraft. --Addison.

   2. A man who earns his living by handicraft; a
      handicraftsman. [R.] --Dryden.

Source : WordNet®

handicraft
     n 1: a work produced by hand labor [syn: {handcraft}, {handiwork},
           {handwork}]
     2: a craft that requires skillful hands