DuckCorp Dico

Found one definition

1.                 From WordNet (r) 3.0 (2006):
                   
   
   
                   
                     
   kip
       n 1: sleep; "roused him from his kip"
       2: the basic unit of money in Laos
       3: a gymnastic exercise performed starting from a position with
          the legs over the upper body and moving to an erect position
          by arching the back and swinging the legs out and down while
          forcing the chest upright [syn: kip, upstart]
       v 1: be asleep [syn: sleep, kip, slumber, log Z's,
            catch some Z's] [ant: wake]