IPA: //ˈslɪp.nɒt//
KK: /ˈslɪpˌnɑt/
A type of knot that can be easily loosened or untied by pulling on one end, often used to create a loop that slides along a rope or cord.
The fisherman used a slipknot to secure the bait to the line.
Slipknot → The word is formed from "slip" (from Old English *slipan*, meaning to glide or slide) and "knot" (from Old English *cnotta*, meaning a fastening or tie). A slipknot is a type of knot that can be easily undone or adjusted, reflecting the action of slipping.
Think of something that 'slides' ('slip') and is 'tied' ('knot') — a slipknot is a knot that can easily slide to tighten or loosen.
No commonly confused words.