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An establishment, often a restaurant or club, that routinely overcharges or otherwise swindles its patrons. I refuse to go to that club and pay its exorbitant cover charge—it's a real clip joint.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
n. a business establishment that cheats customers. The clip joint on Fourth Street was busted last night.
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.
An establishment such as a nightclub or restaurant that habitually overcharges or cheats customers. The verb “to clip” has been a slangy synonym for “to cheat” since the 1920s. The equally slangy cliché came soon afterward. It is still a frequent usage. The television comedy Seinfeld had it in 1992: “What kind of clip joint are you running here?”
The Dictionary of Clichés by Christine Ammer Copyright © 2013 by Christine Ammer