1)Stands for "Get Your Pen*s Out". (Replace * with "i")
2)May also refer to "Gypsy"
Example 1:

Shawn: Hey Jessica!
Jessica: GYPO
Shawn: O_O

Example 2:
Person 1: Hey look at that GYPO sulking across the street!
Person 2: Yeah, GYPOs these days...
by PaperSpartan January 17, 2010
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A stereo-typical term for Egyptians who overcharge you for a cab ride, lie about prices at their restaurant, ask incessantly for "baksheesh" after literally doing nothing, hound you to purchase ridiculously overpriced souvenirs, follow you around with their stupid camel in an attempt to make you ride it, engage in unsavory business practices with the explicit intention of victimizing foreigners, scam people for a living, or otherwise attempt to rip you off.

***Note: This term doesn't apply to ALL Egyptians...just the vast majority.
"So apparently a cab from Downtown costs 5 pounds. The driver told me 15. Frickin gypo."

"How many times do I have to tell you, gypo, I don't want to buy no damn papyrus!"

"Wait...let me get this straight...you want me to give you money for annoyingly following me around this exhibit and providing me with completely unsolicited and probably inaccurate descriptions of what I'm looking at? Typical gypo."

"Oh really, a soda cost 8 pounds? Well guess what, I can read Arabic and the sign clearly says 3 pounds. Didn't see that one coming, did you, gypo?"

"Hold on Mr. Gypo, let me get this straight. You actually expect me to believe that this stupid little trinket in your crappy shop once belonged to Ramsees II, and is therefore a pricless artifact, which you are willing to sell me for 50 pounds? When are you gypos gonna learn!?"

"You've been following me for 8 blocks! I didn't want to buy an perfume at block 4 and I don't want any now! You gypos may be annoying as hell, but I guess I can't help but admire your moxie!"

"Oh, I think I know this game. It's the one where you kindly approach me and ask if you can help, I ask for directions, and then you lead me to your uncle's carpet shop! I'm on to you, gypo."

"Some punk tried to con me into staying at his hotel by telling me the one I had a reservation for burnt down last week, even though I exchanged emails with the manager a day ago. These gypos are out of control."
by donttrustagypo April 25, 2010
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Slang/ Nickname used for People of Egyptian Heritage or background.
Friend 1: Hey wat natio are you bro?
Newly met friend: "Im gypo cuz".
Friend 1:Whats he on about?
Friend 2: He's egyptian
Friend 3: HAHA you're egyptian?, hows the pyramids goin bro?
by BaDCunT BrAHH April 23, 2011
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A derogatory term for Egyptians. Basically, the Egyptian version of disparaging racial slurs such as nigger, chinc, gook, and spic.

Pronounced "JIP-o." Can also be used as an adjective.

Gypoland, which refers to the country of Egypt, is a derivative.
Do these damn gypos not know what a line is?

These gypos may smell bad and be dumb as shit, but they make some mean koshari!

No, I don't want to come in your carpet shop. Can't you get that through your thick, gypo head?

Wow, what a rip-off. Guess I shouldn't be surprised- we are in gypoland.
by i_hate_gypos April 22, 2010
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noun; The prefered mode of transport of the gypo, usually a 4x4. Gypo waggon drivers are generally violent if provoked and have a short fuse. They sometimes have access to tools such as hammers and crowbars and it is foolhardy to enter into a quarrel with them.
Andy: "You look a bit shaken up."

Geoff: "Some cunt in a gypo waggon just threatened to kill me."
by sooner_gooner July 13, 2009
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An act of violence that can only be preformed by a gypo .

Like a regular stab but is preformed at such an angle that it conceals the stab from any passing police (who would probably not dare get involved anyway).

A Gypo Stab can only be preformed with certain 'weapons'. Such as: a small lock/pen knife, a stick (sharpened by the pen knife which has been left in the caravan), a piece of scrap metal, or a fork.

More often than not the stab wound is not life threatening but is usually followed by a 'kicking in' or getting attacked by illegaly bred dogs.
Tom 'bumped into a gypo last night, he shouted abuse at me'

Dick 'you were lucky, im supprised he didn't gypo stab you'

Harry 'might have forgotten his fork'
by yoyoninjaboy May 27, 2007
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A girl with a small cleveage.
General diss to anyone.
How was that girl you pulled?

She was allright gypo tits though.
by deanojenks March 23, 2010
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