Old English wipan, from Proto-Germanic *wipanan (cf. Danish vippe, Middle Dutch, Dutch vippen, Old High German wifan "to swing"), from PIE *weip- "to turn, vacillate, tremble" (cf. Latin vibrare "to shake;" see vibrate).
"disposable absorbent tissue," 1971, from wipe (v.).
1962, American English, surfer slang, from wipe (v.) + out. Sense of "destruction, defeat, a killing" is recorded from 1968.