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spin (v.)

Old English spinnan (transitive) "draw out and twist fibers into thread," strong verb (past tense spann, past participle spunnen), from Proto-Germanic *spenwan (source also of Old Norse and Old Frisian spinna, Danish spinde, Dutch spinnen, Old High German spinnan, German spinnen, Gothic spinnan), from PIE *spen-wo-, suffixed form of root *(s)pen- "to draw, stretch, spin."

Intransitive senses of "to form threads from fibrous stuff; to twist, writhe" developed in late Old English. Transitive sense of "cause to turn rapidly" is from 1610s; intransitive meaning "revolve, turn around rapidly" first recorded 1660s. Meaning "attempt to influence reporters' minds after an event has taken place but before they have written about it" seems to have risen to popularity in the 1984 U.S. presidential campaign; as in spin doctor, first attested 1984.

spin (n.)

1831, "a rapid revolving motion," from spin (v.). Meaning "fairly rapid ride" is from 1856. Sense of "a twisting delivery in throwing or striking a ball" is from 1851. Sense in physics is from 1926. Meaning "act of playing a phonograph record" is from 1977. Meaning "influence imparted by a media source" is from 1984.

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Definitions of spin from WordNet
1
spin (v.)
revolve quickly and repeatedly around one's own axis;
Synonyms: spin around / whirl / reel / gyrate
spin (v.)
stream in jets, of liquids;
The creek spun its course through the woods
spin (v.)
cause to spin;
spin a coin
Synonyms: whirl / birl / twirl
spin (v.)
make up a story;
spin a yarn
spin (v.)
form a web by making a thread;
spiders spin a fine web
spin (v.)
work natural fibers into a thread;
spin silk
spin (v.)
twist and turn so as to give an intended interpretation;
The President's spokesmen had to spin the story to make it less embarrassing
spin (v.)
prolong or extend;
spin out a visit
Synonyms: spin out
2
spin (n.)
a swift whirling motion (usually of a missile);
spin (n.)
the act of rotating rapidly;
he gave the crank a spin
Synonyms: twirl / twist / twisting / whirl
spin (n.)
a short drive in a car;
he took the new car for a spin
spin (n.)
rapid descent of an aircraft in a steep spiral;
Synonyms: tailspin
spin (n.)
a distinctive interpretation (especially as used by politicians to sway public opinion);
the campaign put a favorable spin on the story
From wordnet.princeton.edu