joke vs quip

joke and quip both are nouns.

Word	Noun	Adjective	Verb	Adverb
joke	Yes	No	Yes	No
quip	Yes	No	Yes	No

As verbs, quip is a hyponym of joke; that is, quip is a word with a more specific, narrower meaning than joke:

Other hyponyms of joke include gag, arse around, fool, fool around, horse around, pun.

joke (noun)	quip (noun)
a ludicrous or grotesque act done for fun and amusement	witty remark
activity characterized by good humor	a witty saying
a triviality not to be taken seriously
a humorous anecdote or remark intended to provoke laughter

joke (verb)	quip (verb)
act in a funny or teasing way	make jokes or quips
tell a joke; speak humorously