It is a mere drug in the market. Something not called for, which no one will buy. French drogue = rubbish, as Ce nʹest que de la drogue; hence droguet (drugget), inferior carpet-cloth made of rubbish or inferior wool, etc.
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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.