Colt n.

Old English cild "fetus, infant, unborn or newly born person," from Proto-Germanic *kiltham (source also of Gothic kilþei "womb," inkilþo "pregnant;" Danish kuld "children of the same marriage;" Old Swedish kulder "litter;" Old English cildhama "womb," lit. "child-home"); no certain cognates outside Germanic. "App[arently] originally always used in relation to the mother as the 'fruit of the womb'" [Buck]. Also in late Old English, "a youth of gentle birth" (archaic, usually written childe). In 16c.-17c. especially "girl child."

The wider sense "young person before the onset of puberty" developed in late Old English. Phrase with child "pregnant" (late 12c.) retains the original sense. The sense extension from "infant" to "child" also is found in French enfant, Latin infans. Meaning "one's own child; offspring of parents" is from late 12c. (the Old English word was bearn; see bairn). Figurative use from late 14c. Most Indo-European languages use the same word for "a child" and "one's child," though there are exceptions (such as Latin liberi/pueri).

The difficulty with the plural began in Old English, where the nominative plural was at first cild, identical with the singular, then c.975 a plural form cildru (genitive cildra) arose, probably for clarity's sake, only to be re-pluraled late 12c. as children, which is thus a double plural. Middle English plural cildre survives in Lancashire dialect childer and in Childermas.

Child abuse is attested by 1963; child-molester from 1950. Child care is from 1915. Child's play, figurative of something easy, is in Chaucer (late 14c.):

I warne yow wel, it is no childes pley To take a wyf withouten auysement. ["Merchant's Tale"]

late 14c., "wild, frisky," also in early use "lustful, lewd," from colt + -ish. Literal sense of "pertaining to a colt" is recorded from 1540s. Related: Coltishly.

1650s, powny, "a very small horse" (less than 13 hands in height), from Scottish, apparently from obsolete French poulenet "little foal" (mid-15c.), diminutive of Old French poulain "foal," from Late Latin pullanus "young of an animal," from Latin pullus "young of a horse, fowl, etc." (from PIE root *pau- (1) "few, little") [Skeat's suggestion, still accepted]. Compare, from the same source, foal, filly, Sanskrit potah "a young animal," Greek pōlos "foal," secondarily also of other young animals; Latin pullus "young animal," Lithuanian putytis "young animal, young bird."

A small horse, especially one of a small breed, as opposed to a colt or filly, words which indicate merely young horses. German, sensibly, indicates this animal by attaching a diminutive suffix to its word for "horse," which might yield Modern English *horslet. Modern French poney is a 19c. borrowing from English.

The Shetland breed of ponies are stoutly built, active and hardy, with very full mane and tail, and of gentle, docile disposition. In western parts of the United States all the small hardy horses (mustangs or broncos) used by the Indians are called ponies. [Century Dictionary, 1897] 

Meaning "crib of a text as a cheating aid," especially a translation of a Greek or Latin author used unfairly in the preparation of lessons (1827) and "small liquor glass" (1849) both are from notion of "smallness" (the former also "something one rides," a translation being something that enables a student to "get along fast").

As the name of a popular dance, it dates from 1963. The U.S. Pony Express began 1860 (and operated about 18 months before being superseded by the transcontinental telegraph). The figurative one-trick pony is 1897, American English, in reference to circus acts.