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1 definition by Nosh Ashs

 
1.
eip
The act of encountering a horrible soul tearing disaster with eerie frequency. Similar to the sound you would make when something very bad would happen. "Eeeeep!" When used in conversation typically shortened to "E I P" or "E I P'd"
1. "I just found out my car engine exploded! Eeeeep!"

2. "The place that did the repair work is not going to cover the damage."
- "Dude, you have just been EIP'd"
by Nosh Ashs April 26, 2007