clip1
  
  n.
   - a flexible or spring-loaded device for holding an object or objects together or in place.
 - a piece of jewellery fastened by a clip.
 - a metal holder containing cartridges for an automatic firearm.
 
v.
 (clips, clipping, clipped)
 fasten or be fastened with a clip or clips.
 
  Etymology
  OE clyppan (v.), of W. Gmc origin.
 
  
    
clip2
  
  v.
 (clips, clipping, clipped)
     - cut short or cut out with shears or scissors. 
▸trim the hair or wool of (an animal).
 - strike smartly or with a glancing blow.
 - informal, chiefly N. Amer. swindle or rob.
 - informal, chiefly US move quickly.
 - Electronics  truncate the amplitude of (a signal) above or below predetermined levels.
 
n.
    - an act of clipping. 
▸the quantity of wool clipped from a sheep or flock.
 - a short sequence taken from a film or broadcast.
 - informal a smart or glancing blow.
 - informal a rapid speed or rate:
 I trotted on at a fair clip.
 
 
  Phrase
  
  Derivative
  
  Etymology
  ME: from ON klippa, prob. imitative.