FELT

noun

1. A cloth or stuff made of matted fibres of wool, or wool and fur, fulled or wrought into a compact substance by rolling and pressure, with lees or size, without spinning or weaving.
2. A hat made of felt.
3. A skin or hide; a fell; a pelt.

verb

1. To make into felt, or a feltlike substance; to cause to adhere and mat together.
2. To cover with, or as if with, felt.
3. To cause a player to lose all their chips.