Blip

Also called pip. Electronics.

a spot of light on a radar screen indicating the position of a plane, submarine, or other object.
(loosely) any small spot of light on a display screen.

a brief upturn, as in revenue or income:
The midwinter blip was no cause for optimism among store owners.
anything small, as in amount or number:
a blip of light; Those opposed were merely a blip in the opinion polls.
bleep (def 3).
Slang. a nickel; five cents.
Movies. a mark of synchronization on a sound track.
a small or brief interruption, as in the continuity of a motion-picture film or the supply of light or electricity:
There were blips in the TV film where the commercials had been edited out.
Informal. to move or proceed in short, irregular, jerking movements:
The stock market has blipped one point higher this week.
bleep (def 5).
Contemporary Examples

Volcker Rule Is a Sad End to a Brilliant Career Charlie Gasparino January 4, 2011
How the World Turned on Bill Cosby: A Day-by-Day Account Scott Porch November 30, 2014
We Are All Germans Now: Europeans Travel North Looking for Jobs Barbie Latza Nadeau September 7, 2012
The Great Gatsby: Book Versus Movie Jon Reiner May 9, 2013
Latinos Aren’t a ‘Cheap Date’ for Democrats Anymore Ruben Navarrette Jr. November 10, 2014

Historical Examples

On the Trail of the Space Pirates Carey Rockwell
Talents, Incorporated William Fitzgerald Jenkins
Sand Doom William Fitzgerald Jenkins
On the Trail of the Space Pirates Carey Rockwell
Rip Foster in Ride the Gray Planet Harold Leland Goodwin

noun
a repetitive sound, such as that produced by an electronic device, by dripping water, etc
Also called pip. the spot of light or a sharply peaked pulse on a radar screen indicating the position of an object
a temporary irregularity recorded in performance of something
verb blips, blipping, blipped
(intransitive) to produce such a noise
n.

Excellent; very good (1930s+ Jive talk)
hip (1950s+ Cool talk)

A luminous signal on a radar screen: Birds can cause blips on radar screens (1940s+)
A rapid increase and decrease; quick peaking: The bond bulls argue that commodities’ rally is a blip/ despite temporary blips up and down (1980s+)

To encroach upon, as one aircraft’s image on a radar screen might enter the territory of another aircraft: Cartridge-makers blip into Atari’s airspace, attracted by the enormous profit potential (1980s+)
To censor a taped word or passage by erasing it electronically from the tape and substituting a ”bleep”: Occasionally Mr Carson’s lines are ”blipped” (1960s+)