The part of the anus that allows you to clip the shit from your rectum and have it fall in the toilet, on the floor, or in your pants if you couldn't hold it.
Yo, that bitch is such a slut she can take two cocks in her shit clipper at once!
A retaining ring sometimes called a spring clip, cerclip, c-clip or e-clip. Used to retain pins, gears, bearings, and other mechanical devices. Often referred to as a Jesus clip, because they inevitably fly over your shoulder leading to the exclamation "Jesus, where did it go?"
Be careful with that Jesus clip, when it goes flying, only God knows where it comes back down.