Dipset. The Diplomats, a Harlem NY based record label consisting of: Cam`ron, Jim Jones, Freekey Zekey, Juelz Santana, J.R. Writer, Hell Rell, 40 Cal, and Jha Jha.. Even though there shit might not ryhme/make sense more than half the time and "dipset" is said every other word.. it sure does flow nicely and is super fly. In refrence to the confusion of the meaning of the word Dipset, it is beleived that the word was thought of by taking the first 3 letters of Diplomats and adding set
"those guys are a heavy set"