Merriam-Webster Collegiate Dictionary - pantaloon

 noun  Etymology: Middle French & Old Italian; Middle French Pantalon, from Old Italian Pantaleone, Pantalone  Date: circa 1590  1.  a. (or pantalone) capitalized a character in the commedia dell'arte that is usually a skinny old dotard who wears spectacles, slippers, and a tight-fitting combination of trousers and stockings  b. a buffoon in pantomimes  2. plural  a. wide breeches worn especially in England during the reign of Charles II  b. close-fitting trousers usually having straps passing under the instep and worn especially in the 19th century  3. loose-fitting usually shorter than ankle-length trousers