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The Collaborative International Dictionary of English v.0.48 (gcide)

Clipper \Clip"per\ (kl[i^]p"p[~e]r), n.
1. One who clips; specifically, one who clips off the edges
of coins.
[1913 Webster]

The value is pared off from it into the clipper's
pocket. --Locke.
[1913 Webster]

2. A machine for clipping hair, esp. the hair of horses.
[1913 Webster]

3. (Naut.) A vessel with a sharp bow, built with a fast hull
and tall sails, rigged for fast sailing, and used in trade
where the cargo capacity was less important than the
speed; -- called also {clipper ship}. --
{Clip"per-built`}, a.
[1913 Webster]

Note: The name was first borne by "Baltimore clippers" famous
as privateers in the early wars of the United States.
[1913 Webster]

4. (Electronics) a circuit that limits the amplitude of a
waveform.

Syn: limiter.
[WordNet 1.5]

{Yankee Clipper},
(a) a clipper ship built in the United States. See
clipper[3].
(b) Joe DiMaggio; -- a nickname for the player who was a
prominent member of the New York Yankees baseball team
in the 1940's.
[PJC]