(punch) noun
1. A tool for perforating or indenting, or for driving out or in an object inserted in a hole: frequently tapered at one end. The working end may have a cutting edge enclosing an area or a pattern: often used in connection with a die or counter having a hole in which the punch fits with slight clearance.
2. A machine for impressing a design or stamping a die.
—v.t. To perforate, shape, indent, etc., with a punch. [Short for ME punchon a puncheon¹]
PUNCHES
a. Blacksmith's square.
b. Center.
c. Revolving belt.
d. Ticket.
e, g. Stamping.
ƒ, h, i. Cutting.

(punch) v.t.
1. To strike sharply, especially with the fist.
2. To poke with a stick; prod.
3. Western U.S. To drive (cattle).
—noun
1. A swift blow with the fist; also, a thrust or nudge.
2. Slang Hence, vitality; effectiveness; force; directness: an editorial with punch. [Prob. var. of POUNCE²]

(punch) noun
A beverage having wine or spirits, milk, tea, or fruit juices as a basic ingredient, sweetened, sometimes spiced, and diluted with water. [<Hind. pānch <Skt. pañchan five; from the five original ingredients: arrack, tea, sugar, water, and lemon]

(punch)
The quarrelsome, grotesque hero of a comic puppet show, Punch and Judy.
—pleased as Punch Extremely pleased; highly gratified. [Short for PUNCHINELLO]

(punch)
An English illustrated humorous weekly journal, founded in 1841.