The Collaborative International Dictionary of English v.0.48:
Gossip \Gos"sip\, v. i. [imp. & p. p. Gossiped; p. pr. & vb. n. Gossiping.] 1. To make merry. [Obs.] --Shak. [1913 Webster] 2. To prate; to chat; to talk much. --Shak. [1913 Webster] 3. To run about and tattle; to tell idle tales. [1913 Webster]