liripipe

/L IH1 R IY0 P AY0 P/
noun
  1. 1

    A pendent part of the old clerical tippet.

  2. 2

    A tippet; a scarf; worn also by doctors, learned men, etc.

  3. 3

    Acuteness; smartness

  4. 4

    A smart trick or stratagem.

  5. 5

    A silly person.

Source: https://en.wiktionary.org/wiki/liripipe, https://en.wiktionary.org/wiki/liripoop