Clip is a versatile word with multiple meanings:
1. A device used to hold objects together, like a paper clip or hair clip
2. A short section extracted from a larger work, such as a video clip or movie clip
3. The act of cutting or trimming, like clipping nails or clipping a hedge
4. In firearms, a clip is used to store ammunition
5. A fast pace or speed, as in "moving at a good clip"