Green’s Dictionary of Slang

snipe v.2

[orig. milit. use]

1. (US black) to kill; thus sniping n., killing.

[US]B. Traven Treasure of the Sierra Madre 103: ‘As soon as he comes, snipe him and be done with it.’ [...] ‘There’s no sense in shooting the man down at sight [...] It’d be a crime to snipe a harmless hobo.’.
J. Bouton I’m Glad You Didn’t Take it Personally 136: ‘If the Commissioner cuts off greenies because of your goddam book, I personally will snipe your ass’.
[US]E. Folb Runnin’ Down Some Lines 107: The act of killing (wasting, icing, offing, chilling, sniping, snuffing).

2. (US black) to promote by affixing an advertisement to an one already posted by another.

[US]B. Coleman Rakim Told Me 127: Keith and I handled the street promotions on all of our albums. We sniped everywhere. We'd be out early in the morning putting up posters all over the tri-state [area].