eyelet
Concise Oxford English Dictionary © 2008 Oxford University Press:
eyelet/ˈʌɪlət/
▶noun a small round hole in leather or cloth for threading a lace, string, or rope through.
■ a metal ring used to reinforce such a hole.
■ a small hole with stitching around its edge, used as a form of decoration in embroidery.
▶verb (eyelets, eyeleting, eyeleted) make eyelets in (fabric).– origin ME oilet, from OFr. oillet, dimin. of oil ‘eye’, from L. oculus.
'eyelet' also found in these Oxford entries:

