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The feeling or acting like one is in a state of derp. In other words, it is the state of being where one is caught in whimsical silliness.
My corgi is being so derpsy today that he keeps tripping.
Derpsy by jadders July 13, 2012
Related Words

Derpy Hooves 

Derpy Hooves is the name given to a gray pegasus pony with a cutie mark of bubbles, by the brony community.

She is mostly seen with crossed, or otherwise distorted eyes, and may very well have been creator goofing around or making a mistake.

Many people have Derpy as their favorite pony, and there is even a flash game named Derpy Delivery in development.

Derpys real name may be Ditzy Doo, since it is referenced in the Winter Wrap Up episode, and was also mentioned by Lauren Faust.

There's many instances where multiple Derpy's can be seen in a single frame of the show, but the most common ones have only 1, and her eyes are derped out.

There is only 2 currently possible speech lines for Derpy, one being Muffins, and the other being a mess of hushed speaking in a crowd when Trixie, another pony from the show, is showing off.
Derpy Hooves is almost completely fan made, never the less she is one of the most popular.
Derpy Hooves by Slice-n-dice July 10, 2011
Ridiculous; Random; Silly usually to describe another person or image.
That picture looks really derpy.
Derpy by CJK909 January 13, 2015

Derpy_Waffle 

A gay bitch name Daniel *Default Dance* *Dab* (hates david) (gay name) (reatrd)

Derpy Hooves 

A grey pegasus pony and minor character in the cartoon series My Little Pony. She is best known for her clumsiness and cross-eyed gaze. Originally named Ditzy Doo, she quickly became a favorite among bronies. She likes muffins and delivering mail.
Derpy Hooves can count to muffin. She is not a clever pony.
Derpy Hooves by laofmoonster April 17, 2011

Derpshit 

Derpshit is a combination of the words 'Derp' and 'Dipshit'. It means to be a derpy dipshit, a dipshit who displays too much idiocy to be defined by the word dipshit alone, or moron alone. Hence, derpshit. Not just anybody can be a derpshit, it takes a special type of retard with a large amount of the derp running through their derpy veins. Wiggers would be a good example of Derpshits.

The creation of this word was inspired by the constant high level of idiocy displayed by the human race.
He's lost his job. He's lost his kids. He's lost his sanity. This is what Charlie Sheen considers winning? Fucking derpshit.