gimp

1. A narrow ornamental fabric or braid of silk, wool, or cotton, often stiffened with metallic wire or coarse cord running through it, used as trimming for dresses, curtains, furniture, etc. Also guimpe.
2. Any coarse or reinforced thread, such as a glazed thread employed in lacemaking to outline designs, or silk thread used as a fishing leader, protected from the bite of fish by a wrapping of fine wire.
3. The plastic cord used in the plaiting and knotting craft Scoubidou (lanyard making); or, the process itself.
4. (chiefly North Eastern US) Gumption

1. (of yarn, cord, thread, etc.) To wrap or wind (surround) with another length of yarn or wire in a tight spiral, often by means of a gimping machine, creating 'gimped yarn', etc. Also, generally, to wrap or twist with string or wire. See gimped.
2. To notch or indent; to jag or make jagged; to edge with serrations or grooves.

1. A person who is lame due to a crippling of the legs or feet.
2. A crippled leg.
3. A limp or a limping gait.
4. A name-calling word, generally for a person who is perceived to be inept, deficient or peculiar
5. (BDSM) A sexual submissive, almost always male, dressed generally in a black leather suit. See Gimp (sadomasochism) in Wikipedia.
6. A character or ability that is underpowered.

1. To limp; to hobble.
2. To make underpowered; to limit or restrict the useful effects of.

adjective

(Scotland and N England) Neat; trim; delicate; slender; handsome; spruce; elegant.