1) Chinese cooking technique 
Velveting is a technique in Chinese cuisine for preserving the moisture of meat while cooking. Additionally, it provides a soft or `velvety` texture to the meat of any entree. The technique is applied to raw meat before cooking either in oil or in water. It involves pre-coating the meat with a mixture of oil, eggwhite, cornstarch, and sherry or .....
• (n.) The fine shag or nap of velvet; a piece of velvet; velvet goods.
Vel'vet·ing noun The fine shag or nap of velvet; a piece of velvet; velvet goods.