Source : Webster's Revised Unabridged Dictionary (1913)

Toy \Toy\, v. i. [imp. & p. p. {toyed}; p. pr. & vb. n.
   {toying}.]
   To dally amorously; to trifle; to play.

         To toy, to wanton, dally, smile and jest. --Shak.

Toy \Toy\, v. t.
   To treat foolishly. [Obs.] --E. Dering (1576).

Toy \Toy\ (toi), n. [D. tuid tools, implements, stuff, trash,
   speeltuig playthings, toys; akin to G. zeug stuff, materials,
   MNG. ziuc, Icel. tygi gear; all ultimately from the root of
   E. tug, v. t.; cf. G. zeugen to beget, MHG. ziugen to beget,
   make ready, procure. See {Tug}, v. t.]
   1. A plaything for children; a bawble. --Cowper.

   2. A thing for amusement, but of no real value; an article of
      trade of little value; a trifle.

            They exchange for knives, glasses, and such toys,
            great abundance of gold and pearl.    --Abr. Abbot.

   3. A wild fancy; an odd conceit; idle sport; folly; trifling
      opinion.

            To fly about playing their wanton toys. --Spenser.

            What if a toy take'em in the heels now, and they all
            run away.                             --Beau. &Fl.

            Nor light and idle toys my lines may vainly swell.
                                                  --Drayton.

   4. Amorous dalliance; play; sport; pastime. --Milton.

            To dally thus with death is no fit toy. --Spenser.

   5. An old story; a silly tale. --Shak.

   6. [Probably the same word.] A headdress of linen or woolen,
      that hangs down over the shoulders, worn by old women of
      the lower classes; -- called also {toy mutch}. [Scot.]
      ``Having, moreover, put on her clean toy, rokelay, and
      scarlet plaid.'' --Sir W. Scott.

Source : WordNet®

toy
     v 1: behave carelessly or indifferently; "Play about with a young
          girl's affection" [syn: {dally}, {play}, {flirt}]
     2: manipulate manually or in one's mind or imagination; "She
        played nervously with her wedding ring"; "Don't fiddle
        with the screws"; "He played with the idea of running for
        the Senate" [syn: {fiddle}, {diddle}, {play}]
     3: engage in an activity as if it were a game rather than take
        it seriously; "They played games on their opponents";
        "play the stockmarket"; "play with her feelings"; "toy
        with an idea" [syn: {play}]

toy
     n 1: an artifact designed to be played with [syn: {plaything}]
     2: a nonfunctional replica of something else (frequently used
        as a modifier); "a toy stove"
     3: copy that reproduces something in greatly reduced size [syn:
         {miniature}]
     4: any of several breeds of very small dogs kept purely as pets
        [syn: {toy dog}]

Source : Free On-Line Dictionary of Computing

toy
     
        A computer system; always used with qualifiers.
     
        1. "nice toy": One that supports the speaker's hacking style
        adequately.
     
        2. "just a toy": A machine that yields insufficient
        {computron}s for the speaker's preferred uses.  This is not
        condemnatory, as is {bitty box}; toys can at least be fun.  It
        is also strongly conditioned by one's expectations; Cray XMP
        users sometimes consider the Cray-1 a "toy", and certainly all
        RISC boxes and mainframes are toys by their standards.  See
        also {Get a real computer!}.
     
        [{Jargon File}]