If the devil will not have them to bag, he must wring hard the spigot, and stop the bung-hole.
I think this quote represents the idea of resilience and perseverance in rough times. The concept of resilience is something that is showcased in the statement of "wring hard the spigot" since spigots are a form of faucet or valve, this is showing how one should apply pressure in areas that seem tight or tense. A bung-hole is a form of opening in a form of container, this would illude to the idea of not letting any concepts or ideas escape.