It's a derogatory slang word for a (specifically) white (usually single) women who lives off of welfare/food stamps/wic. With multiple biracial children.
The term comes origins come from the act of buying bread with a wic check.
"There goes that bread clip and her 5 kids."
"That is the supermarket all the bread clips go to."
"You don't wanna date dat hoe she's a bread clip"
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Paint licker was used a while back, and it was used like "window licker" it was the same insult to say the person is dumb/mentally handy capped because they would lick lead paint off the walls and lead paint can cause brain damage. So, it is to say someone is so dumb the only explanation is they are a "paint licker"
We don't use lead paint anymore so the insalt has pretty much gone away
Donald Trump is a paint licker.
Get away from me paint licker!