sheepskin Syllabification: (sheep·skin)Pronunciation: /ˈSHēpˌskin/Translate sheepskin | into French | into German | into Italian | into Spanish Definition of sheepskin noun a sheep’s skin with the wool on, especially when made into a garment or rug: [as modifier]:a sheepskin coat leather from a sheep’s skin used in bookbinding. informal a diploma. sheepskin in other Oxford dictionaries Definition of sheepskin in the British & World English dictionary