An amalgamation of 'gimp' and the rap label 'dipset'. Formed to create a usable cuss that can be implemented in many situations. Rap or non-rap related.
Can also be used in everyday situations as a sign off approval. Sometimes used in conjunction with Santana.
Guy 1: Check out my rims man.. my rimzzzzz !! Dey ballinn. DEY CHROMEEE.. well dey spray painted with my mums nail polish. ICY
Guy 2: Shut up Gimpset
Guy 1: Lets BOOOUNCE
Guy 2: SHAW GIMPSET SANTANA