The Collaborative International Dictionary of English v.0.48:

Skit \Skit\, v. t. [Prov. E. skitto slide, as adj., hasty,
   precipitate, of Scand. origin, and akin to E. shoot, v.t.;
   cf. Icel. skyti, skytja, skytta, a marksman, shooter,
   skj[=o]ta to shoot, sk[=u]ta a taunt. [root]159. See
   Shoot.]
   To cast reflections on; to asperse. [Prov. Eng. & Scot.]
   --Crose.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Skit \Skit\, n.
   1. A reflection; a jeer or gibe; a sally; a brief satire; a
      squib. --Tooke.
      [1913 Webster]

            A similar vein satire upon the emptiness of writers
            is given in his "Tritical Essay upon the Faculties
            of the Human Mind;" but that is a mere skit compared
            with this strange performance.        --Leslie
                                                  Stephen.
      [1913 Webster]

   2. A wanton girl; a light wench. [Obs.]
      [1913 Webster]

   3. A short theatrical presentation, often comical or
      satirical. Comical skits are sometimes presented by
      amateur or ad hoc groups at parties, dinners, or other
      social gatherings.
      [PJC]

WordNet (r) 3.0 (2006):

skit
    n 1: a short theatrical episode