Meaning

• A very short, unspecified length of time.

  "I’ll be back in a jiffy."

• A unit of time defined by the frequency of its basic timer – historically, and by convention, 0.01 of a second, but some computer operating systems use other values.

• The length of an alternating current power cycle (1/60 or 1/50 of a second).

• The time taken for light to travel a specified distance in a vacuum, usually one centimetre, but sometimes one foot or the width of a nucleon.

• Short for jiffy bag, a padded envelope.