Ok kiddo, let me explain what a tiphook is!
Have you ever gone fishing and used a hook to catch fish? A tiphook is also a hook, but it's used for something else.
In some restaurants, people leave some extra money as a way of thanking the person who served them their food. This extra money is called a "tip". A tiphook is a small device that helps people leave tips easier and more conveniently.
A tiphook has a sticky back that allows it to stick to a flat surface, such as a table or counter. The hook part of the tiphook is where you can place your tip, and it will stay on the hook until the person serving you comes to collect it.
This is a great way to make sure the person receiving the tip knows it's for them and not just accidentally left behind.
So, in summary, a tiphook is a small device that helps people leave tips in a convenient and organized way so that the person receiving the tip knows it's for them.