The Collaborative International Dictionary of English v.0.48:

Nowel \Now"el\, n. [F. noyau, prop., a kernel. See Noyau,
   Newel a post.] (Founding)
      (a) The core, or the inner part, of a mold for casting a
          large hollow object.
      (b) The bottom part of a mold or of a flask, in
          distinction from the cope; the drag.
          [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Nowel \Now"el\, n. [See Noel.] [Written also noel.]
   [1913 Webster]
   1. Christmas; also, a shout of joy at Christmas for the birth
      of the Savior. [Obs.]
      [1913 Webster]

   2. (Mus.) A kind of hymn, or canticle, of mediaeval origin,
      sung in honor of the Nativity of our Lord; a Christmas
      carol. --Grove.
      [1913 Webster]