|The many faces of Miss Davis|
Short one. There's not much to say about a clip joint, except that it's a place where suckers are conned into paying way too much for poor entertainment. The rotten entertainment can take various forms: the promise of sex (not achieved), of booze (watered down), singing (off-key), gambling (rigged), and so on. One article from the 1932 New York Times tells the tale of a businessman held for two days in a joint, finally freed after signing over a $1000 check. 'Clip joint' as a term came into being during the Depression, but the concept is age-old and clip joints are still around today in various forms.
Links and Sources
Clip Joint, Wikipedia
Seven more men tell clip joint losses, NYT June 9, 1932