Raedwulf

the least I say about American pronunciation and American spelling the better but one has to acknowledge they are homophones.


the SOED CD ROM says -
1 A peg or spigot to stop the vent-hole in a cask etc. LME–M18.
2 A tap for drawing liquor from a barrel etc. Now dial. & US. LME.
3 A tap for drawing any liquid or gas from a pipe or vessel; spec. one providing access to a supply of piped water for household etc. US. M19.
4 The enlarged section of a pipe made to receive the spigot end of the next section. US. L19.

and second entry

A facet; a faceted stone.

go figure.