blip (Noun) — A sudden minor shock or meaningless interruption. ex. "the market had one bad blip today" ex. "you can't react to the day-to-day blips" ex. "renewed jitters in the wake of a blip in retail sales"
blip (Noun) — A radar echo displayed so as to show the position of a reflecting surface.
blip (Verb) — Change state abruptly, such as between off and on or dark and light, sometimes implying motion. ex. "the screen blipped to life"