What is the meaning of оно?

figure

sacrifice

a two-year-old reindeer hung on a tree as a sacrifice to the spririts to keep the family safe

it

nominative/accusative singular neuter of онъ (onŭ)

it

Archaic feminine form: оне́ (oné).

The letter г (g) in the genitive/accusative case ending is pronounced as /v/.

The alternative forms starting with н- (n-) are used after a preposition.

Archaic forms: ея́ (jejá), нея́ (nejá).

Instrumental forms ending in (-ju) are either dated, poetic, or dialectal.

The prepositional case is never used without a preposition.

Letter г (g) in the genitive/accusative case ending is pronounced as /v/.

The alternative forms starting with н- (n-) are used after a preposition.

Archaic forms: ея́ (jejá), нея́ (nejá).

Instrumental forms ending in (-ju) are either dated, poetic, or dialectal.

The prepositional case is never used without a preposition.

short neuter singular of о́ный (ónyj)

it

Source: wiktionary.org