Intersting -- and appropriate. :-)
Apparently, not silicone, so I was wrong there.
Well ... tip and ring come from the old 3-conductor phone plugs. They were (from end back) tip, ring, and sleeve. On a manual switchboard, sleeve was used to flag a line as busy -- and the operator would hear a loud click when the tip of the phone plug touched the sleeve of the jack, signaling her to not complete the connection (unless a conference call was being set up.)
The same thing was done with the step-by-step Strowger switch (or Ma Bell called it 10x10) exchanges. There were three wires (within the exchange) associated with each line. Tip and Ring came from the outside on the customer's line, and went to a double-sided bank of contacts swept by a wiper. In parallel with that was a second bank, only single contacts used, swept by another wiper. You pick up your phone, it draws current through a "line relay", closing contacts to call a line finder to connect your phone to the first level of dialing, and it feeds a signal back on the sleeve connection to a cutoff relay which disconnects your line from calling for more equipment until the current call is over. Each digit you dial moves you to another switch, except that the last two digits are handled by a single switch. It feeds voltage to the called party's cut-off relay, and a ring signal to the phone pair (tip and ring). When the called party picks up, DC flows through the line (the ring signal was AC -- most commonly 20 Hz, except for some party lines) and connects the full conversation link until both parties hang up. (Actually -- the calling party hanging up resets everything quickly, the called party is not so quick on these step-by-step exchanges.
Enjoy, DoN.