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Colp is the medical word for vagina so saying something is colp is comparing it to a vagina which is either really awesome or really smelly

Compare to calling something "The Tits"
"That song was colp" Describing how awesome something is

"That nigga is colp" Dis on somebody that's a pussy

"Man that smell is colp!" Describing how stinky something is
by LeoOrionLane September 08, 2013