Yes, reel is a Scrabble word!

Verb

1. Walk as if unable to control one's movements

2. Revolve quickly and repeatedly around one's own axis

3. Wind onto or off a reel

Noun

1. A roll of photographic film holding a series of frames to be projected by a movie projector

2. Music composed for dancing a reel

3. Winder consisting of a revolving spool with a handle; attached to a fishing rod

4. A winder around which thread or tape or film or other flexible materials can be wound

5. A lively dance of Scottish Highlanders; marked by circular moves and gliding steps

6. An American country dance which starts with the couples facing each other in two lines