The Collaborative International Dictionary of English v.0.48:

Quip \Quip\, v. t. [imp. & p. p. Quipped; p. pr. & vb. n.
   Quipping.]
   To taunt; to treat with quips.
   [1913 Webster]

         The more he laughs, and does her closely quip.
                                                  --Spenser.
   [1913 Webster]