c.1330, from clippen "shorten," perhaps infl. by M.Du. klepper "swift horse," echoic. The type of fast sailing ship so called from 1830, from clip (1) in alternate sense of "to move or run rapidly."
"cut," c.1200, from O.N. klippa, probably echoic. Meaning "rate of speed is c.1867. Noun meaning "extract from a movie" is from 1958.
"fasten," O.E. clyppan "to embrace." Meaning "receptacle containing several cartridges for a repeating firearm" is from 1901. Meaning "piece of jewelry fastened by a clip" is from 1937. Also preserved in paper clip. Original sense in U.S. football clipping penalty. Clipboard is from 1907.
clipped from: www.etymonline.com 
