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From The Collaborative International Dictionary of English v.0.48:
Gybe \Gybe\, v. t. & i. [imp. & p. p. Gybed (j[imac]bd); p. pr. & vb. n. Gybing.] [See Jibe.] (Naut.) To shift from one side of a vessel to the other; -- said of the boom of a fore-and-aft sail when the vessel is steered off the wind until the sail fills on the opposite side. [Also jibe.] [1913 Webster]