"spectator, one who observes but does not participate," c. 1600, from on + agent noun from look (v.). Old English had a verb onlocian, but the modern verb onlook (1867) appears to be a back-formation from onlooker.
one-way
ongoing
onion
oniony
online
onlooker
only
onnagata
onomastic
onomastics
onomatology