"action of talking," earlier "chatter, loquacity, idle talk" (mid-13c.), also "falsehood, deceit," originally "a gibe, a taunt" (c. 1200), mid-13c., probably from a Scandinavian source akin to Old Norse gabb "mocking, mockery," and in part from Old French gap, gab "joke, jest; bragging talk," which also is probably from Scandinavian (compare gab (v.)). Probably also there is influence from Scottish and northern English gab "the mouth" (see gob (n.2)); OED reports the word "Not in dignified use." Gift of (the) gab "talent for speaking" is from 1680s.
adjective suffix, "full of or characterized by," from Old English -ig, from Proto-Germanic *-iga- (source also of Dutch, Danish, German -ig, Gothic -egs), from PIE -(i)ko-, adjectival suffix, cognate with elements in Greek -ikos, Latin -icus (see -ic). Originally added to nouns in Old English; used from 13c. with verbs, and by 15c. even with other adjectives (for example crispy).