Game in which one throws and catches a spinning top on a cord fastened to two sticks held in the hands (7)
I believe the answer is:
diabolo
(Other definitions for diabolo that I've seen before include "children's game?" , "O, bad oil is used in this game with top and sticks" , "Game involving sticks and spinning top" , "Game of catching spinning-top" , "Top-on-a-string game" .)