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despite popular believe that the actual meaning is unknown, it is a fairly simple concept

dipset: to be ready and "set" to "dip" or leave

most people use the word as they leave a scene, but as the definition suggest it should be used several minutes before and only as an answer (see below)
paul: are you ready to dip ?

me: no, i gotta jerk one into this girls earpussy before we go

(10 minutes later)

paul: you done yet ?

me: yup, im all dipset
The Best Rap Group Since N.W.A. They are all from Harlem and The Bronx. They Consist Of Cam'ron, Juelez Santana Jim "Capo" Jones,J.R. Writer, Hell Relll 40 Cal., Jha Jah, Duke The God.The Diplomats are also afiliated with BYRDGANG which consist of Jim Jones, MAX B, Stacks Bundles, and Mel Murder(or Mel Matrix). The Diplomats also are afiliated with PURPLE CITY which consist of
Shiest Bubz "The Emperor",
Un kasa "The Crayon Man Rock Star"
Agallah "The Don Bishop"
SMOKE&NUMBER,A-MAFIA, and countless other members and afiliates.
"Dipset that Purple City Byrdgang, Hardbody That Purple City Byrdgang"
Dipset by C^HUBB$ November 11, 2008
Dipset originally is just a Blood branch off. Each area has a different set, but they are all bloods. Eventually people started using it as "good-bye" or "get teh hell out"
He's from Dipset while im from (insert three letter title here)set.
Dipset by aDDKiT March 10, 2004
A trio or set of dips one might purchase for a party or sporting event. Such sets of dip usually include French onion, garden vegetable or even spinach. Most dipsets are usually quite enjoyable, and go great with chips.
Tom: "Honey, what should I bring to the game?"
Gladys: "Why don't you get one of those nice dipsets, you know, for the chips?"
dipset by 24to7nine March 18, 2008
The Movement of lifestyle, culture, phrases, swagger, hobbies, and occupations... it's more than music.
In the beggining of this movement it was all a dream. The passion. The dedication. The persistance. To achieve greatness. To reach each and every speaker. From here on out, we didnt land on the rock, we moved the rock! All my niggas from state to state. All my niggas from tear to tear. All my people from nation to nation. Yes, I brought something powerful to me, and Yes, I brought some powerful people with me, and we like to present something we call more than music... Dipset.
- Duke Da God
- More than music
- More than music vol.1
Dipset by Ben Burdine May 13, 2006
Multiple codefendants absconding from a crime scene simultaneously. Also when your gang dips out the back door when either the cops or a rival gang arrives in greater numbers. Also when more than one guy simultaneously dips out the back door after "tag teaming a bitch." Sometimes at the same time, sometimes a coin is flipped to determine who has to deal with coyote arm.
"Dayum nigga, that was a dipset."
"Yea close one nigga."
dipset by bring a diapa May 30, 2009