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One who attends or attended the University of Texas (t.u.) in Austin, Texas.

The term tea-sip (also spelled teasip, t-sip, or t sip) was started by students of Texas A&M University (aka. Aggies) in the early 1900's to belittle the well-to-do students of t.u.
The University of Texas was traditionally the "rich" school which pumped out doctors, lawyers and the like. A&M was the blue collar school which traditionally taught Agriculture and Mechanics (engineering).
The Aggies play the teasips on Thanksgiving day.

I'm sick of all those hippy teasips in Austin.
tea-sip by Henry Hill February 8, 2005
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one who attends U.T.
My friend Mitch is a tea-sip.
tea-sip by Aggie class '08 November 3, 2004
A student of texas university (t.u.) in Austin, TX. The nickname refers to the World War II era, when t.u. students were sitting around sipping tea while Aggies went to war. A variant of the term is t-shirt tea sip, identifying wannabe t.u. students at nearby schools such as Texas State and t.u.-San Antonio.
Look at those tea sips sitting around sipping tea and listening to Alex Jones on the radio, pretending to be intellectual.
used to tell someone to mind their own business

also see spill tea
"What did you two do last night?"

"sip tea"
sip tea by Schni schna schnappi January 7, 2019

Sip My Tea 

To "Sip Your Tea" means that you are basically just going to mind your business since whatever situation is going on most likely does not concern you.
Ex:

girl one: "Ooooh girl did you hear how Josh cheated on Tiffany!?"

girl two: "Omg well I'm just gonna sip my tea like its none if my business."
Sip My Tea by thatsfugazi December 9, 2014

sip this tea 

Sip this tea- When there is a conflict and you don't wanna be involved so you just watch. Originated from Kermit the Frog and the Lipton Tea Commercial.
"That ain't none my business. Ima fall back and sip this tea"
sip this tea by AugTreyChris'sGirl September 27, 2015

Sip that Tea Quietly 

Referring to keeping the tea to yourself, not telling others the tea.
Man 1: Did you know that Trent has a major problem with spilling the tea???
Man 2: Yeah! Dude needs to learn how to sip that tea quietly. He can’t go around spilling the tea all the time.
Sip that Tea Quietly by PeachyBoi February 26, 2019