When a man approaches someone who's asleep, whips his cock out of his pants and dangles it next to the victims face. He then gently brushes the lips or face of the victim with his finger, but upon waking the victim sees nothing but cock and believes it rubbed on him/her.
Since Jerry's dad was the first to pass out at the New Year's party, Jerry gave him the "liptrick" to the delight of the crowd.
Someone who is addicted to obtaining money and building wealth. A money addict and fanatic. Breadheads often work more than one full-time job, and some even participate in illicit activities to "obtain the bread".