This word also relates with the term dippin.
Coolidge: "I haven't done anything with her!"
Mike: "Yeah right, I just saw you two dippin' at the candy store!"
Calvin Coolidge remains the last truly conservative president who governed as small government, limited spending, and liberty-minded executive.
Regarded as a somewhat taciturn man in private, and generally very temperate. His presidency saw the nation through the "Roaring Twenties", and is very noted for his laissez-faire (literally "hands-off") economic policy.
He stands in contrast to his successor, Herbert Hoover, whose excessive economic interventionism (much like those of Presidents G.W. Bush and B.H. Obama in the early 21st century) brought about substantial economic ruin.