dip

from The American Heritage® Dictionary of the English Language, 5th Edition.

• intransitive verb To plunge briefly into a liquid, as in order to wet, coat, or saturate.
• intransitive verb To color or dye by immersing.
• intransitive verb To immerse (a sheep or other animal) in a disinfectant solution.
• intransitive verb To form (a candle) by repeatedly immersing a wick in melted wax or tallow.
• intransitive verb To galvanize or plate (metal) by immersion.
• intransitive verb To scoop up by plunging the hand or a receptacle below the surface, as of a liquid; ladle.
• intransitive verb To lower and raise (a flag) in salute.
• intransitive verb To lower or drop (something) suddenly.
• intransitive verb Slang To pick the pockets of.
• intransitive verb To plunge into water or other liquid and come out quickly.
• intransitive verb To plunge the hand or a receptacle into liquid or a container, especially so as to take something up or out.
• intransitive verb To withdraw a small amount from a fund.
• intransitive verb To drop down or sink out of sight suddenly.
• intransitive verb To drop suddenly before climbing. Used of an aircraft.
• intransitive verb To slope downward; decline.
• intransitive verb To decline slightly and usually temporarily.
• intransitive verb Geology To lie at an angle to the horizontal plane, as a rock stratum or vein.
• intransitive verb To read here and there at random; browse.
• intransitive verb To investigate a subject superficially; dabble.
• intransitive verb Slang To steal by picking pockets.
• intransitive verb To place a preparation of finely shredded tobacco in one's mouth.
• noun A brief plunge or immersion, especially a quick swim.
• noun A liquid into which something is dipped, as for dyeing or disinfecting.
• noun A savory creamy mixture into which crackers, raw vegetables, or other foods may be dipped.
• noun An amount taken up by dipping.
• noun A container for dipping.
• noun A candle made by repeated dipping in tallow or wax.
• noun A downward slope; a decline.
• noun A sharp downward course; a drop.
• noun Geology The downward inclination of a rock stratum or vein in reference to the plane of the horizon.
• noun Linguistics A part of a phrase or sentence that is unstressed or less strongly stressed relative to surrounding words, as the words I and to in I have to go.
• noun The unstressed portion of a metrical foot.
• noun Magnetic dip.
• noun A hollow or depression.
• noun Sports A gymnastic exercise on the parallel bars in which the body is lowered by bending the elbows until the chin reaches the level of the bars and then is raised by straightening the arms.
• noun Slang A pickpocket.
• noun Slang A foolish or stupid person.
• noun A preparation of finely shredded tobacco, usually placed between the lower lip and gum.

from The Century Dictionary.

• To submerge (an animal, as sheep, except the head) in a warm decoction of sulphur, tobacco, or the like, for the destruction of injurious parasites and germs of skin-diseases.
• In the manufacture of turpentine, to gather resin from boxes or cups.
• To plunge or immerse temporarily in water or other liquid, or into something containing it; lower into and then raise from water or other liquid: as, to dip a person in baptism; to dip a boat's oars; to dip one's hands into water.
• To lower and raise as if in temporary immersion; hence, to perform by a downward and an upward movement: as, to dip a flag in salutation; the falcon dipped his wings for flight; to dip a courtesy.
• To raise or take up by a dipping action; lift by bailing or scooping: as, to dip water out of a boat; to dip out soup with a ladle; to dip up sand with a bucket.
• To immerse or submerge partly; plunge or sink to some extent into water; hence, to plunge, as a person, into anything that involves activity or effort, as difficulties or entanglements; engage; entangle.
• To engage as a pledge: generally used for the first mortgage.
• To plunge into; begin to sink into or be immersed in.
• To affect as if by immersion; moisten; wet.
• To plunge into water or other liquid and quickly emerge.