nip1
  
  v.
 (nips, nipping, nipped)
    - pinch, squeeze, or bite sharply. ▸
(nip something off)
 remove something by pinching or squeezing sharply. 
- (of the cold or frost) cause pain or harm to.
- Brit. informal go quickly.
- US informal steal or snatch.
n.
  - an act of nipping.
- a feeling of biting cold.
Phrase
  
    
      - nip something in the bud
 suppress or destroy something at an early stage.
 
  Etymology
  ME: prob. of Low Ger. or Du. origin.
 
  
    
nip2
  
  n.
 a small quantity or sip of spirits.
v.
 (nips, nipping, nipped)
 take a sip of spirits.
Etymology
  C18: prob. an abbrev. of the rare term nipperkin ‘small measure’.