a clever or witty remark or comment.
a sharp, sarcastic remark; a cutting jest.
a quibble.
an odd or fantastic action or thing.
verb (used without object), quipped, quipping.
to utter quips.

1525–35; back formation from quippy quip < Latin quippe indeed

quippish, adjective
quippishness, noun

1. joke, witticism. 2. gibe, sally, jape.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
quip (kwɪp)
1.  a sarcastic or cutting remark; gibe
2.  a witty or clever saying: a merry quip
3.  archaic another word for quibble
vb , quips, quipping, quipped
4.  (intr) to make a quip
[C16: from earlier quippy, probably from Latin quippe indeed, to be sure]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

1532, variant of quippy, in same sense (1519), perhaps from L. quippe "indeed, forsooth" (used sarcastically), from quid "what," neut. of quis "who" (cf. quibble) + emphatic particle -pe. The verb is recorded from 1584.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
In a timely flash, the perfect quip or barb forms in the mind and rolls onto
  the tongue.
Absence of evidence is not evidence of absence, which is a favorite quip of
But there's a nugget of real humor to be mined from his quip.
One may quip that the body has finally got its chance to take its revenge on
  the philosophers.
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