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PSP = playstation portable, the term psp also stands for the following words psp = pretty small penis so if u have a psp im sorry
girl:yo! my boyfriend got a psp.

dude: wow im so sorry...
PSP by Criss4105 September 2, 2009
Related Words
YAAA!!111!!one DS R001Z (SNORT)
YAAA!!one!!11 IM GONNA GO TOUCH MYSELF
PSP by extremely high dude May 3, 2005
Jeremy: Ugh.I can smell her PSP from miles away!!
PSP by jessica is a les July 6, 2010
Abbreviation for Phi Sigma Pi. Phi Sigma Pi is commonly known as the national honorary co-ed fraternity.
Billy - "I'm proud to be a brother of Phi Sigma Pi."
Jack - "Me too, Billy. Hey we should have a Guys Day Out event for all of the guys in PSP."
Billy - "By PSP, you mean Phi Sigma Pi?"
Jack - "Yeppers."
Billy - "Oh."
PSP by ImBack88 May 5, 2009
The word PSP can be used as a short cut for its famous advertisement, "PSP step your game up!"

Usually in the context of getting someone to do something
-"Dude smoke this Jeffry with me"
*"Nah dude im to tiered"
-"PSP dude PSP!"
*"Alright hand it over..."
PSP by Wipeout99 June 23, 2011
"PSP" is a commercial acronym (also a brand logo) for PlayStation Portable made by SONY.
It is very popular among the people of various age specially kids and teenagers.

PSP comes in four different designs/models- 1000, 2000, 3000 and N1000. they are different in many ways from the hardware to the software platforms.
He wants to get a new game for his PSP
PSP by ovidhan January 17, 2015