The term jiffy (or jiffie) is used in different applications for various short periods of time; in informal speech it means any unspecified short period of time, but it also has more precise definitions. The word is believed to have originally been thieves' cant for lightning.
In computing, a jiffy is the duration of one tick of the system timer interrupt. It is not an absolute time interval unit, since its duration depends on the clock interrupt frequency of the particular hardware platform.
Typically, this time is 0.01 seconds. Early microcomputer systems such as the Commodore 64 and many game consoles (which use televisions as a display device) commonly synchronize the system clock with the vertical frequency of the local television standard, either 59.94 Hz with NTSC systems, or 50.0 Hz with most PAL systems. Within the Linux 2.6 operating system kernel, since release 2.6.13, on the Intel i386 platform a jiffy is by default 4 ms, or 1/250th of a second. The jiffy values for other Linux versions and platforms have typically varied between about 1 ms and 10 ms.
Sometimes a jiffy is used as a synonym for the Planck time (about 5.4 × 10−44 seconds), which is the time it takes light to traverse the smallest meaningful length, the Planck length. In this quantum mechanical definition, a jiffy is the shortest theoretically possible time period that can be measured within one standard deviation of accuracy. In practice, current technology can come nowhere near making this brief a time measurement.