The term 'LARGE PLAYING MARBLE' can be summarized as a type of toy that is popular among children. The crossword solution for this term is 'TAW', which is an abbreviation for the term 'tawing', which is a game played with marbles. Tawing involves shooting marbles at a target, and the player who shoots their marble closest to the target wins. Large playing marbles are typically larger than regular marbles, making them easier to shoot accurately.