Pronunciation: [nˈɪps] (IPA) 
The word "nips" can have two different meanings, each with a different way of spelling. When "nips" refers to small bites of something, it is spelled with an "i" and pronounced /nɪps/. On the other hand, when "nips" means a small tool for cutting or pinching, it is spelled with an "i" and a silent "p" and pronounced /nɪps/. It's important to pay attention to the context of the word to make sure it is spelled and pronounced correctly.
Nips, in its various contexts, can refer to different meanings depending on the particular usage.
As a noun, "nips" is a plural form of the word "nip", which can denote a quick and usually sharp bite or pinch. It can be associated with a small, painful nip caused by an animal or insect bite.
"Nips" is also a colloquial term for the Japanese people. Although now widely considered offensive and derogatory, the term originated in the early 20th century primarily in the United States, being a derivative of the word Nippon (the Japanese name for Japan). Its usage is now largely discouraged due to its derogatory nature.
However, "nips" can also be used as a verb, referring to the act of taking a quick and small bite or sip of something. For example, one might "nips" a cookie or "nips" a beverage.
Additionally, "nips" can be a slang term for a woman's breasts, typically characterized by small size or nipples. This usage is generally informal and may be viewed as derogatory or offensive in certain contexts.
In summary, "nips" can refer to a quick bite or pinch, the Japanese people (offensive usage), the act of taking a quick bite or sip, or slang for small breasts.
The word "nips" has multiple possible origins, depending on the context in which it is used. Here are some potential etymologies for different meanings of the word:
1. Nips as a derogatory term for Japanese people: This usage of "nips" originated during World War II as a derogatory slang term for Japanese individuals. It is widely considered offensive and racist. The exact origin of this usage is unclear, but it is believed to have emerged from American military slang.
2. Nips as a slang term for small portions of liquor: The term "nips" in this context refers to small, individual-sized bottles of alcohol. It originated from the practice of nipping or pinching off a small amount of alcohol, similar to taking a small bite. The etymology of this usage is derived from the action of "nipping" or "pinching".
3.
