| Dipsy | { }, n. 1. A sinker attached to a fishing line; also, a line having several branches, each with such a sinker, used in deep-sea fishing. [ Local, U. S. ] [ Webster 1913 Suppl. ] 2. (Naut.) A deep-sea lead. [ Rare ] [ Webster 1913 Suppl. ] Variants: Dipsie, Dipsey |