The Collaborative International Dictionary of English v.0.48:

Fob \Fob\, v. t. [imp. & p. p. Fobbed; p. pr. & vb. n.
   Fobbing.] [Cf.Fop.]
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   1. To beat; to maul. [Obs.]
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   2. To cheat; to trick; to impose on. --Shak.
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   To fob off, to shift off by an artifice; to put aside; to
      delude with a trick."A conspiracy of bishops could
      prostrate and fob off the right of the people." --Milton.
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