Goes quickly with backspin (4)

I believe the answer is:
nips
'goes' is the definition.
The answer and definition can be both acts as well as being plural nouns.
Maybe there's a link between them I don't understand?
I don't understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for nips that I've seen before include "little drinks" , "Pinches in a spin" , "Steals" , "cuts" , "Tots" .)
