Spigot (noun)

1. A valve or faucet, typically made of metal, that controls the flow of liquid or gas from a pipe or container.
2. A projecting piece of metal or wood that serves as a handle for turning a valve or faucet.

Origin:

From middle english spigot, from old french espingol, from espin ("spine") + -gol ("-like, of the nature of") or from old french espigue ("spike, spindl.e")

Examples:

1. He turned off the water by closing the spigot.
2. The spigot was leaking, so he had to replace it.
3. She filled the bucket with water from the spigot.
4. The spigot was made of brass and had a smooth finish.
5. The spigot was controlled by a lever on the side.