"dives" in the noun sense
1. honkytonk, dive
a cheap disreputable nightclub or dance hall
2. dive, diving
a headlong plunge into water
3. dive, nose dive, nosedive
a steep nose-down descent by an aircraft
"dives" in the verb sense
1. dive, plunge, plunk
"the stock market plunged"
plunge into water
"I was afraid to dive from the board into the pool"
swim under water
"the children enjoyed diving and looking for shells"
Source: WordNet® (An amazing lexical database of English)
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