To dip for a wig. Formerly, in Middle Row, Holborn, wigs of different sorts were, it is said, put into a close-stool box, into which, for three-pence, any one might dip, or thrust in his hand, and take out the first wig he laid hold of; if he was dissatisfied with his prize, he might, on paying three halfpence, return it and dip again.
DIP
Meaning of DIP in English
Slang English vocab. Английский сленговый словарь. 2012