Or at least that's the general idea
Best used with the term "sad face goes Blip Blip Blip!" prior to inflicting an act of utmost pitiful nature, such as dancing around in circles wearing a paper bag over ones head.
Johnny: Blip blip blip!
Guy2: Yea, his girlfriend broke up with him because he kept dancing around in circles with a paper bag on his head
Guy1: Well at least he's not slashing his wrists like any other stereotypical teenager
Guy2: Lets go shopping!
Guy1: Blip blip blip...