The Collaborative International Dictionary of English v.0.48:

Whip \Whip\, v. t. [imp. & p. p. Whipped; p. pr. & vb. n.
   Whipping.] [OE. whippen to overlay, as a cord, with other
   cords, probably akin to G. & D. wippen to shake, to move up
   and down, Sw. vippa, Dan. vippe to swing to and fro, to
   shake, to toss up, and L. vibrare to shake. Cf. Vibrate.]
   [1913 Webster]
   1. To strike with a lash, a cord, a rod, or anything slender
      and lithe; to lash; to beat; as, to whip a horse, or a
      carpet.
      [1913 Webster]

   2. To drive with lashes or strokes of a whip; to cause to
      rotate by lashing with a cord; as, to whip a top.
      [1913 Webster]

   3. To punish with a whip, scourge, or rod; to flog; to beat;
      as, to whip a vagrant; to whip one with thirty nine
      lashes; to whip a perverse boy.
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            Who, for false quantities, was whipped at school.
                                                  --Dryden.
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   4. To apply that which hurts keenly to; to lash, as with
      sarcasm, abuse, or the like; to apply cutting language to.
      [1913 Webster]

            They would whip me with their fine wits. --Shak.
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   5. To thrash; to beat out, as grain, by striking; as, to whip
      wheat.
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   6. To beat (eggs, cream, or the like) into a froth, as with a
      whisk, fork, or the like.
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   7. To conquer; to defeat, as in a contest or game; to beat;
      to surpass. [Slang, U. S.]
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   8. To overlay (a cord, rope, or the like) with other cords
      going round and round it; to overcast, as the edge of a
      seam; to wrap; -- often with about, around, or over.
      [1913 Webster]

            Its string is firmly whipped about with small gut.
                                                  --Moxon.
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   9. To sew lightly; specifically, to form (a fabric) into
      gathers by loosely overcasting the rolled edge and drawing
      up the thread; as, to whip a ruffle.
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            In half-whipped muslin needles useless lie. --Gay.
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   10. To take or move by a sudden motion; to jerk; to snatch;
       -- with into, out, up, off, and the like.
       [1913 Webster]

             She, in a hurry, whips up her darling under her
             arm.                                 --L'Estrange.
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             He whips out his pocketbook every moment, and
             writes descriptions of everything he sees.
                                                  --Walpole.
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   11. (Naut.)
       (a) To hoist or purchase by means of a whip.
       (b) To secure the end of (a rope, or the like) from
           untwisting by overcasting it with small stuff.
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   12. To fish (a body of water) with a rod and artificial fly,
       the motion being that employed in using a whip.
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             Whipping their rough surface for a trout.
                                                  --Emerson.
       [1913 Webster]

   To whip in, to drive in, or keep from scattering, as hounds
      in a hurt; hence, to collect, or to keep together, as
      member of a party, or the like.

   To whip the cat.
       (a) To practice extreme parsimony. [Prov. Eng.] --Forby.
       (b) To go from house to house working by the day, as
           itinerant tailors and carpenters do. [Prov. & U. S.]
           [1913 Webster]
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The Collaborative International Dictionary of English v.0.48:

Whipping \Whip"ping\,
   a & n. from Whip, v.
   [1913 Webster]

   Whipping post, a post to which offenders are tied, to be
      legally whipped.
      [1913 Webster]

WordNet (r) 3.0 (2006):

whipping
    adj 1: smart and fashionable; "snappy conversation"; "some sharp
           and whipping lines" [syn: snappy, whipping]
    n 1: beating with a whip or strap or rope as a form of
         punishment [syn: whipping, tanning, flogging,
         lashing, flagellation]
    2: a sound defeat [syn: thrashing, walloping, debacle,
       drubbing, slaughter, trouncing, whipping]
    3: a sewing stitch passing over an edge diagonally [syn:
       whipstitch, whipping, whipstitching]
    4: the act of overcoming or outdoing [syn: beating,
       whipping]

Moby Thesaurus II by Grady Ward, 1.0:

70 Moby Thesaurus words for "whipping":
   Waterloo, bastinado, basting, battery, beating, belting, buffeting,
   caning, clubbing, collapse, conquering, conquest,
   corporal punishment, cowhiding, crash, cudgeling, deathblow,
   debacle, defeat, destruction, downfall, drubbing, failure, fall,
   flagellation, flailing, flogging, fustigation, gear, hiding,
   horsewhipping, lacing, lambasting, lashing, lathering, licking,
   mastery, overcoming, overthrow, overturn, pistol-whipping, quietus,
   rawhiding, rig, rigging, ropework, roping, ruin, running rigging,
   scourging, service, serving, smash, spanking, standing rigging,
   strapping, stripes, subdual, subduing, subjugation, swingeing,
   switching, tackle, tackling, thrashing, trimming, trouncing,
   truncheoning, undoing, vanquishment



Bouvier's Law Dictionary, Revised 6th Ed (1856):

WHIPPING, punishment. The infliction of stripes.
     2. This mode of punishment, which is still practiced in some of the
states, is a relict of barbarism; it has yielded in most of the middle and
northern states to the penitentiary system.
     3. The punishment of whipping, so far as the same was provided by the
laws of the United States, was abolished by the act of congress of February
28, 1839, s. 5. Vide 1 Chit. Cr. Law, 796; Dane's Ab. Index, h.t.