Abarim Publications' online Biblical Greek Dictionary
λιψ
The noun λιψ (lips) is one of a few that describe particular winds (ανεμος, anemos) mentioned in the New Testament, namely the southwestern (Acts 27:12 only) — others are χωρος (choros), the northwestern, the Euroclydon, the easterly surger, and the νοτος (notos), south wind (see below).
Our noun λιψ (lips) stems from the same Proto-Indo-European root "leyb-", to pour, that also yielded the unused verb λειβω (leibo), and hence the nouns λιμην (limen), harbor, and λιμνη (limne), lake, and the Latin libo, from which English gets the verb to libate.
Lips was one of a few deified winds that are named in the Bible.
νοτος
The noun νοτος (notos) describes the south wind, that's the wind that comes from the south and goes north. The same word could also describe the south in general, but not so much as a mere static quarter but rather as the place of origin of certain things coming north. In Greek mythology, Nostos was one of many deified winds.
It's unclear where this word may have come from, but here at Abarim Publications we surmise it may have been imported into the Greek language basin along with the alphabet, and ultimately derives from the verb נתן (natan), to give.
The south wind brought either very warm air from Africa, or very wet air and thus rain from the Mediterranean (a derived verb, νοτιζω, notizo means to moisten). This wind was times feared as a crop-burner and a storm bringer. Still, the Hebrew word for south, namely תימן (teman), comes from a group of words that have to do with the right-hand side, ימין (yamin), and are decidedly positive. Our word νοτος (notos), likewise, was associated with the Queen of the South, both proverbially generous with gifts (1 Kings 10:10) and with condemnations (Matthew 12:42).
Our noun νοτος (notos) occurs 7 times in the New Testament; see full concordance
βορρασ
The noun βορρασ (borras) means north and appears to be named after Βορεας (Boreas), the deified god of the northern wind (hence the aurora borealis, the northern lights). Where that name comes from is a mystery, but the Hebrew word בר (bor) means cleanness or pureness, and בור (bor) means well or pit. Also note the similarity between βορεας (boreas), north wind, and the nouns βορβορος (borboros), filth, and βαρβαρος (barbaros), barbarian.
Unlike the gift-bringing southern wind, Boreas was known to be mostly a taker, a kidnapper and rapist of princesses even. But Boreas had also sunk the Persian fleet, so he was not all bad. He was depicted as an old man with wings. Two of his sons sailed with Jason on the Argos. A legendary land called Hyperborea, or above the north wind, was supposedly peopled by happy and long-living people.
Boreas, the northern wind, strangely enough, is not at all mentioned in the New Testament. Noun βορρασ (borras), meaning north, occurs in Luke 13:29 and Revelation 21:13 only.
λαιλαψ
The noun λαιλαψ (lailaps) describes a furious storm or cyclone, one specifically described in the classics as a circular roaring monster that builds up from bottom to top, and sucks everything it comes across inside of it, destroys it there and spews out the mangled remains.
This word is fairly common in Homer (it occurs about half a dozen times in both the Iliad and the Odyssey; often as a metaphor for human military destruction: Il.11.306, Il.11.747, Il.12.375), then appears to have died out somewhat, only to be resurrected in late classical Koine. In the New Testament, it occurs in Mark 4:37, Luke 8:23 and 2 Peter 2:17 only.
Late classical authors recorded a myth about a hunting dog called Laelaps that never failed to catch its prey. There was also a mythological fox who always escaped its hunter (the Teumessian fox), so naturally, humans found a way to pit these creatures against each other. The paradox went on until Zeus intervened, turned both creatures to stone and elevated their petrified corpses into stellar constellations (Canis Major and Minor).
It's unclear where our noun λαιλαψ (lailaps) came from, although it's obviously an emphatic duplication (like the name Cenchrea or the noun βαρβαρος, barbaros, barbarian). The element which our word duplicates may have had to do with the noun λιψ (lips) we discuss above, or its PIE root "leyb-", to pour. Possibly even more fitting is the verb λαπτω (lapto), meaning drink greedily, gulp down or lap up with the tongue (speaking of wolves). This verb occurs in several European languages (including English, as to lap) and is thought to be onomatopoeic. This verb's future forms are spelled with a ψ (psi): λαψω (lapso) means I will lap. Noun λαψις (lapsis) means a lapping. Adverb λαψ (laps) describes a greedy gulping manner.
Another word of interest, which we here at Abarim Publications surmise may have helped in the formation of our word (which happened a lot: see our article on the many Hebrew roots of Greek), is the Hebrew word for night, namely לילי (laylay), which in turn either derived from or spawned the name Lilith, belonging to an ancient demon mentioned in Babylonian lore. This name is likewise a duplicative form: the element לי (ly) means "to me" or "for me", which may either be a particle of perfectly harmless self-reference, or a manifestation of an all-consuming self-centeredness or self-serving self-aggrandizement.