The Collaborative International Dictionary of English v.0.48:

Sliver \Sliv"er\, n.
   1. A long piece cut or rent off; a sharp, slender fragment,
      as of glass; a splinter.
      [1913 Webster +PJC]

   2. A strand, or slender roll, of cotton or other fiber in a
      loose, untwisted state, produced by a carding machine and
      ready for the roving or slubbing which preceeds spinning.
      [1913 Webster]

   3. pl. Bait made of pieces of small fish. Cf. Kibblings.
      [Local, U.S.] --Bartlett.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

sliver \sliv"er\ (sl[i^]v"[~e]r or sl[imac]"v[~e]r; 277), v. t.
   [imp. & p. p. slivered (sl[i^]v"[~e]rd); p. pr. & vb. n.
   slivering.] [See Slive, v. t.]
   To cut or divide into long, thin pieces, or into very small
   pieces; to cut or rend lengthwise; to slit; as, to sliver
   wood. --Shak.
   [1913 Webster]

         They 'll sliver thee like a turnip.      --Sir W.
                                                  Scott.
   [1913 Webster]

WordNet (r) 3.0 (2006):

sliver
    n 1: a small thin sharp bit or wood or glass or metal; "he got a
         splinter in his finger"; "it broke into slivers" [syn:
         splinter, sliver]
    2: a thin fragment or slice (especially of wood) that has been
       shaved from something [syn: paring, sliver, shaving]
    v 1: divide into slivers or splinters [syn: sliver,
         splinter]
    2: break up into splinters or slivers; "The wood splintered"
       [syn: splinter, sliver]
    3: form into slivers; "sliver wood"