(nautical) The act of winding or wrapping anything with a rope, or rope-like material.
1774 August, James Cook, A Voyage Towards the South pole and Around the World
They[the people of Erromango] separate it [their hair] into small locks, which they woold or cue round with the rind of a slender plant, down to about an inch of the ends; and, as the hair grows, the woolding is continued.
(nautical) A rope used for binding masts and spars.