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From Citizendium, the Citizens' Compendium

The word aglet has a French origin and is similar to the term "aiguillette" although the latter generally refers to an ornamentive chord on a military uniform.^[1] The purpose of an aglet is to contain the end of a shoelace (or similar cord) to restrict it from fraying. These devices have been used on shoelaces since the Dark Ages. Bronze aglets have been found in Merovingian graves.^[2] Modern aglets are usually made from plastic and can sometimes break. A variety of techniques exist to replace aglets.^[3]

References

1. ↑ Aiguillete http://dictionary.reference.com/search?q=aiguillette
2. ↑ The History of Shoes http://www.sneakerhead.com/shoe-history-p2.html
3. ↑ Repairing Aglets http://www.fieggen.com/shoelace/agletrepair.htm