Used to describe actually starting a fire, often for a purpose like burning leaves or trash. In autumn, the farmer set light to the stubble in his fields.
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Metaphorical Use
Sometimes used metaphorically to imply causing excitement or starting something energetically. Her speech set light to the audience's passion.
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Non-literal Warning
Not to be confused with 'shed light on', which means to clarify or explain something. Incorrect: He set light to the mystery. Correct: He shed light on the mystery.