yarn

Short definition from Wiktionary

Noun

1. 1
   A twisted strand of fibre used for knitting or weaving.
2. 2
   Bundles of fibres twisted together, and which in turn are twisted in bundles to form strands, which in their turn are twisted or plaited to form rope.
3. 3
   A story, a tale, especially one that is incredible.

Verb

1. 1
   To tell a story or stories, especially one that is lengthy or unlikely to be true.