Source : Webster's Revised Unabridged Dictionary (1913)

Pallet \Pal"let\, n. [OE. paillet, F. paillet a heap of straw,
   fr. paille straw, fr. L. palea chaff; cf. Gr. ? fine meal,
   dust, Skr. pala straw, pal[=a]va chaff. Cf. {Paillasse}.]
   A small and mean bed; a bed of straw. --Milton.

Pallet \Pal"let\, n. [F. palette: af. It. paletta; prop. and
   orig., a fire shovel, dim. of L. pala a shovel, spade. See
   {Peel} a shovel.]
   1. (Paint.) Same as {Palette}.

   2. (Pettery)
      (a) A wooden implement used by potters, crucible makers,
          etc., for forming, beating, and rounding their works.
          It is oval, round, and of other forms.
      (b) A potter's wheel.

   3. (Gilding)
      (a) An instrument used to take up gold leaf from the
          pillow, and to apply it.
      (b) A tool for gilding the backs of books over the bands.

   4. (Brickmaking) A board on which a newly molded brick is
      conveyed to the hack. --Knight.

   5. (Mach.)
      (a) A click or pawl for driving a ratchet wheel.
      (b) One of the series of disks or pistons in the chain
          pump. --Knight.

   6. (Horology) One of the pieces or levers connected with the
      pendulum of a clock, or the balance of a watch, which
      receive the immediate impulse of the scape-wheel, or
      balance wheel. --Brande & C.

   7. (Mus.) In the organ, a valve between the wind chest and
      the mouth of a pipe or row of pipes.

   8. (Zo["o]l.) One of a pair of shelly plates that protect the
      siphon tubes of certain bivalves, as the Teredo. See
      Illust. of {Teredo}.

   9. A cup containing three ounces, -- ?ormerly used by
      surgeons.

Source : WordNet®

pallet
     n 1: the range of colour characteristic of a particular artist or
          painting or school of art [syn: {palette}]
     2: a portable platform for storing or moving goods that are
        stacked on it
     3: a hand tool with a flat blade used by potters for mixing and
        shaping clay
     4: a mattress filled with straw or a pad made of quilts; used
        as a bed
     5: board that provides a flat surface on which artists mix
        paints and the range of colors used [syn: {palette}]