E. Cobham Brewer 18101897. Dictionary of Phrase and Fable. 1898.
Strap Oil.
A beating. A corruption of strap eil, i.e. German theil (a dole). The play is palpable. The April fool asks for a pennyworth of strap eil, that is dole of the strap, in French lhuile de cotret. (Latin, stroppus.)