Entry 1 sense Webster, 1913 Whetstone /wĕt'-stōnˌ/ · Whet·stone · IPA /ˈʍɛtˌstoʊn/ 01 n. A piece of stone, natural or artificial, used for whetting, or sharpening, edge tools. 1. A piece of stone, natural or artificial, used for whetting, or sharpening, edge tools. “The dullness of the fools is the whetstone of the wits.” — Shak. “Diligence is to the understanding as the whetstone to the razor.” — South. Phrases & compounds To give the whetstone — to give a premium for extravagance in falsehood.