(klip) noun
1. Any appliance that clasps, grips, or holds fast.
2. Med. An appliance for stopping the bleeding of arteries, etc.
3. A flange on a horseshoe, projecting upward above the calk.
4. A spring clasp for holding letters, papers, etc.: also paper clip.
5. A pinching device for stopping the flow of a fluid in a flexible tube.
6. A metal container holding cartridges for a rapid–fire gun, as an automatic rifle: also cartridge clip.
— v.t. clipped, clip·ping
1. Archaic To clasp; embrace.
2. To encircle; hold tightly. [OE clyppan clasp]

(klip) v.t. clipped, clip·ping
1. To cut or trim with shears or scissors, as hair or fleece.
2. To snip a part from, as a coin.
3. To cut short; curtail: to clip the ends of words.
4. Colloq. To strike with a sharp blow.
5. In football, to hurl oneself illegally across the backs of the legs of (an opponent who is not carrying the ball.)
6. Slang To cheat or defraud.
— v.i.
7. To cut or trim.
8. Colloq. To run or move swiftly.
— to clip the wings of To check the aspirations or ambitions of.
— noun
1. The act of clipping, or that which is clipped off.
2. The wool yielded at one shearing or season.
3. Colloq. A blow with the hand or fist; a swinging or glancing hit.
4. Colloq. A quick pace: going at a good clip.
5. plural Shears; snuffers.
6. Colloq. An effort or attempt. [<ON klippa]