The Collaborative International Dictionary of English v.0.48:

Braid \Braid\ (br[=a]d), v. t. [imp. & p. p. Braided; p. pr. &
   vb. n. Braiding.] [OE. braiden, breiden, to pull, reach,
   braid, AS. bregdan to move to and fro, to weave; akin. to
   Icel. breg[eth]a, D. breiden to knit, OS. bregdan to weave,
   OHG. brettan to brandish. Cf. Broid.]
   [1913 Webster]
   1. To weave, interlace, or entwine together, as three or more
      strands or threads; to form into a braid; to plait.
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            Braid your locks with rosy twine.     --Milton.
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   2. To mingle, or to bring to a uniformly soft consistence, by
      beating, rubbing, or straining, as in some culinary
      operations.
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   3. To reproach. [Obs.] See Upbraid. --Shak.
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The Collaborative International Dictionary of English v.0.48:

Braiding \Braid"ing\, n.
   1. The act of making or using braids.
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   2. Braids, collectively; trimming.
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            A gentleman enveloped in mustachios, whiskers, fur
            collars, and braiding.                --Thackeray.
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WordNet (r) 3.0 (2006):

braiding
    n 1: trimming used to decorate clothes or curtains [syn:
         braid, gold braid, braiding]