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Clip one's rod 

To clip someone's rod means to subject someone to something incredibly painful or strenuous, akin to the experience of circumcision. Often used ironically to express a teasing tone in prior statements, á la "getting one's goat" or "yanking one's chain".
To clip one's rod is to make them suffer, jokingly or not.

A one clip 

A thousand dollars held together with a rubber band.
Sweet guitar. What did it cost?

Shit son, I talked him down to a one clip.
A one clip by GTC4L August 27, 2023