The Collaborative International Dictionary of English v.0.48:

Equip \E*quip"\, v. t. [imp. & p. p. Equipped; p. pr. & vb. n.
   Equipping.] [F. ['e]quiper to supply, fit out, orig. said
   of a ship, OF. esquiper to embark; of German origin; cf. OHG.
   scif, G. schiff, Icel. skip, AS. scip. See Ship.]
   1. To furnish for service, or against a need or exigency; to
      fit out; to supply with whatever is necessary to efficient
      action in any way; to provide with arms or an armament,
      stores, munitions, rigging, etc.; -- said esp. of ships
      and of troops. --Dryden.
      [1913 Webster]

            Gave orders for equipping a considerable fleet.
                                                  --Ludlow.
      [1913 Webster]

   2. To dress up; to array; accouter.
      [1913 Webster]

            The country are led astray in following the town,
            and equipped in a ridiculous habit, when they fancy
            themselves in the height of the mode. --Addison.
      [1913 Webster]

WordNet (r) 3.0 (2006):

equip
    v 1: provide with (something) usually for a specific purpose;
         "The expedition was equipped with proper clothing, food,
         and other necessities" [syn: equip, fit, fit out,
         outfit]
    2: provide with abilities or understanding; "She was never
       equipped to be a dancer"

Moby Thesaurus II by Grady Ward, 1.0:

44 Moby Thesaurus words for "equip":
   accouter, adapt, adjust, appoint, arm, array, attire, attune,
   capacitate, caparison, clothe, condition, costume, deck out,
   disguise, dress, enable, fit, fit out, fit up, furnish, gear,
   habit, heel, man, masquerade, munition, outfit, prepare, provide,
   put in trim, put in tune, qualify, rig, rig out, rig up, staff,
   stock, suit, supply, tune, turn, turn out, uniform