The Collaborative International Dictionary of English v.0.48:

Snip \Snip\, v. t. [imp. & p. p. Snipped; p. pr. & vb. n.
   Snipping.] [D. snippen; akin to G. schnippen.]
   To cut off the nip or neb of, or to cut off at once with
   shears or scissors; to clip off suddenly; to nip; hence, to
   break off; to snatch away.
   [1913 Webster]

         Curbed and snipped in my younger years by fear of my
         parents from those vicious excrescences to which that
         age was subject.                         --Fuller.
   [1913 Webster]

         The captain seldom ordered anything out of the ship's
         stores . . . but I snipped some of it for my own share.
                                                  --De Foe.
   [1913 Webster]

WordNet (r) 3.0 (2006):

snipping
    n 1: a small piece of anything (especially a piece that has been
         snipped off) [syn: snip, snippet, snipping]