When a small group of female friends or even one girl partakes in sexual intercourse or other actions with a close group of male friends. This is often performed secretly to keep the identities of who is being "Dipped" from spreading around. The men take turns with a specific girl and proceed to exchange them over a short period of time so they can leave and carry on the rest of their day.
(Before) Guy 1: Hey The Girls Are Coming Over Now.

Guy 2: Ight, I'm Dippin the Blonde first.

Guy 1: Keep it under 5 min bro.
(After)

Guy 1: DipFest !

Guy 2: Good look bro. Who's bout to get Dipped next?
by It's the Dip Squad November 29, 2011

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