pi·cot 
(pēkō, pē-kō)
(pēkō, pē-kō)n.
A small embroidered loop used in a series to form an ornamental edging on lace or fabric.
tr.v. pi·coted (-kōd), pi·cot·ing (-kō-ĭng), pi·cots (-kōz)
To trim with picots.
[French, from Old French, from pic, point, from piquer, to prick; see PIQUE.]
picot