\Dip"sey\, Dipsie \Dip"sie\, Dipsy \Dip"sy\, a.
Deep-sea; as, a dipsey line; a dipsy lead. [Sailor's Cant]

\Dip"sey\, Dipsie \Dip"sie\, Dipsy \Dip"sy\, 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.]
2. (Naut.) A deep-sea lead. [Rare]