pinion n.1

late Old English pinn "peg or bolt of wood or metal used to hold things in place or fasten them together," from Proto-Germanic *penn- "jutting point or peak" (source also of Old Saxon pin "peg," Old Norse pinni "peg, tack," Middle Dutch pin "pin, peg," Old High German pfinn, German Pinne "pin, tack") from Latin pinna "a feather, plume;" in plural "a wing;" also "fin, scoop of a water wheel;" also "a pinnacle; a promontory, cape; battlement" (as in Luke iv.9 in Vulgate) and so applied to "points" of various sorts, from PIE root *pet- "to rush, to fly."

De Vaan and Watkins say Latin pinna is a derivative of penna, literally "feather" (see pen (n.1)); older theories regarded pinna as a separate word from a root meaning "sharp point." The Latin word also was borrowed in Celtic: Irish pinne "a pin, peg, spigot;" Welsh pin "a pin, pen."

The transition from 'feather' to 'pin' (a slender or pointed instrument) appears to have been through 'pen,' a quill, to ' pen,' a style or stylus, hence any slender or pointed instrument [Century Dictionary]

As a part of a lock or latch, c. 1200; as a control for a mechanical device, late 14c. The modern slender wire pin, used as a fastener for clothing or in sewing, is attested by this name by late 14c., perhaps late 13c. Transferred sense of "leg" is recorded from 1520s and holds the older sense. The meaning "wooden stick or club set up to be knocked down in a game" (skittles, bowling, etc.) is by 1570s.

Pin-money "annual sum allotted to a woman for personal expenses on dress, etc." is attested from 1620s. Pins and needles "tingling sensation" is from 1810. The sound of a pin dropping as a type of something all but silent is from 1775.

Also petə-, Proto-Indo-European root meaning "to rush, to fly." 

It forms all or part of: accipiter; appetence; appetite; apterous; apteryx; archaeopteryx; asymptote; centripetal; Coleoptera; compete; competent; eurypterid; feather; helicopter; hippopotamus; Hymenoptera; impetigo; impetuous; impetus; iopterous; Lepidoptera; ornithopter; panache; panne; pen (n.1) "writing implement;" pennon; peripeteia; perpetual; perpetuity; petition; petulance; petulant; pin; pinion; pinnacle; pinnate; pinniped; potamo-; potamology; propitiation; propitious; ptero-; pterodactyl; ptomaine; ptosis; repeat; symptom.

It is the hypothetical source of/evidence for its existence is provided by: Sanskrit pattram "wing, feather, leaf," patara- "flying, fleeting;" Hittite pittar "wing;" Greek piptein "to fall," potamos "river, rushing water," pteron, pteryx "feather, wing," ptilon "soft feathers, down, plume;" Latin petere "to attack, assail; seek, strive after; ask for, beg; demand, require," penna "feather, wing;" Old Norse fjöðr, Old English feðer "feather;" Old Church Slavonic pero "feather;" Old Welsh eterin "bird."

c. 1300, "grating or open frame with bars or pegs upon which things are hung or placed," especially for kitchen use, possibly from Middle Dutch rec "framework," literally "something stretched out, related to recken (modern rekken) "stretch out," cognate with Old English reccan "to stretch out," from Proto-Germanic *rak- (source also of Old Saxon rekkian, Old Frisian reza, Old Norse rekja, Old High German recchen, German recken, Gothic uf-rakjan "to stretch out"), from PIE root *reg- "to move in a straight line."

Or it might have developed from the Old English verb. The sense of "frame on which clothes or skins are stretched to dry" is by early 14c. The sense of "framework above a manger for holding hay or other fodder for livestock" is from mid-14c. As the name of a type of instrument of torture by early 15c., perhaps from German rackbank, originally an implement for stretching leather, etc. Sense of "punishment by the rack" is by 1580s.

Mechanical meaning "metal bar with teeth on one edge" is from 1797 (see pinion). Meaning "set of antlers" is first attested 1945, American English; hence slang sense of "a woman's breasts" (especially if large), by 1991. Meaning "framework for displaying clothes" is from 1948; hence off the rack (1951) of clothing, as opposed to tailored.