say it: SPIG-uht
spigot is a noun meaning "a plug for a bunghole in a cask". It carries 2 recorded senses.
a regulator for controlling the flow of a liquid from a reservoir
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for spigot come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.