The term 'SHOESTRING HOLE' is a combination of two words: 'SHOESTRING' and 'HOLE'. SHOESTRING is a thin cord or leather strip used to fasten shoes, while a HOLE is an opening in a solid object. The crossword solution for this term is 'EYELET', which is a small HOLE or perforation in fabric or leather, often reinforced with metal or plastic rings, used for lacing or fastening. Eyelets are commonly used in shoelaces to provide a secure and adjustable fit.