Hip-knob
Encyclopedia
Hip-knob, in architecture, is the finial
Finial
The finial is an architectural device, typically carved in stone and employed decoratively to emphasize the apex of a gable or any of various distinctive ornaments at the top, end, or corner of a building or structure. Smaller finials can be used as a decorative ornament on the ends of curtain rods...

 on the hip of a roof, between the barge-boards of a gable
Gable
A gable is the generally triangular portion of a wall between the edges of a sloping roof. The shape of the gable and how it is detailed depends on the structural system being used and aesthetic concerns. Thus the type of roof enclosing the volume dictates the shape of the gable...

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