from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. in ancient Greece, a metal medallion worn by men or used to ornament the harness of a horse
from The Century Dictionary and Cyclopedia
- n. A metal disk or boss worn on the breast as an ornament by men, especially as a military decoration, or used to adorn the harness of horses.
From Latin phalerae, from Ancient Greek φάλαρα (plural of φάλαρον). (Wiktionary)
 The terminal 'pe' is short for pus, (pous!) and 'phalero,' from phalera, fringes -- "Fringe-foot" (Morris).