Definitions

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

  • adjective Likely to tip or tilt.

from The Century Dictionary.

  • Liable to tip; given to tipping or tumbling; wabbling; unsteady.
  • Characterized by a tipping action or movement, as a person; hence, gingerly; smart; fine.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • adjective obsolete Fashionable, tip-top.
  • adjective obsolete, with the In the height of fashion, excellent, cool.
  • adjective Clever, neat, smart.
  • adjective Of tea, having a large amount of tips, or leaf buds.
  • noun obsolete A dandy.
  • adjective Canada, US Tending to tip or tilt over; unstable.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • adjective (used of boats) inclined to heel over easily under sail

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

1790, tip (“apex”) +‎ -y. Sense of “clever” may be influenced by tip ("n., inside information").

from Wiktionary, Creative Commons Attribution/Share-Alike License

1886, tip (“knock over”) +‎ -y.

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