The Collaborative International Dictionary of English v.0.48:

Lip \Lip\, v. t. [imp. & p. p. Lipped (l[i^]pt); p. pr. & vb.
   n. Lipping (-p[i^]ng).]
   1. To touch with the lips; to put the lips to; hence, to
      kiss.
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            The bubble on the wine which breaks
            Before you lip the glass.             --Praed.
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            A hand that kings
            Have lipped and trembled kissing.     --Shak.
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   2. To utter; to speak. [R.] --Keats.
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The Collaborative International Dictionary of English v.0.48:

Lipped \Lipped\ (l[i^]pt), a.
   1. Having a lip or lips; having a raised or rounded edge
      resembling the lip; -- often used in composition; as,
      thick-lipped, thin-lipped, etc.
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   2. (Bot.) Labiate.
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WordNet (r) 3.0 (2006):

lipped
    adj 1: having a lip or lips; "a lipped bowl"; "a virgin purest
           lipped"- John Keats [ant: lipless, unlipped]