(1):

A phosphorescent light that appears, in the night, over marshy ground, supposed to be occasioned by the decomposition of animal or vegetable substances, or by some inflammable gas; - popularly called also Will-with-the-wisp, or Will-o'-the-wisp, and Jack-with-a-lantern, or Jack-o'-lantern.

(2):

Fig.: A misleading influence; a decoy.