To "Flip Shit" means to cause chaos and/or mayhem.
Also usually means "fun
" to teenagers
John: Heh, Joe, lets go steal some gun powder and fuses to flip shit down at the mall
Joe: Sweet. Can we get stoned first?
To become worried/anxious in an overly dramatic manner. To "freak out". Usually used in the phrase "flip your/his/hers shit".
Don't flip your shit, Anya. You will be able turn in your paper tomorrow.
one who angers easily over the small stuff
"Lawerence is such a flipshit, all I said was that Molly was hot too."
if something is too difficult say “flip shit” and quit...
coach: "okay were going to do 6x400 butterfly for time"
everyone in pool: "FLIP-SHIT!" ::goes to bathroom/lockeroom::
Brett was flipping shit the other night whilst simultaneously watching SpongeBob and Waking Life. Andrew just took two hits and is sipping on a big mug of shroom tea; he is gonna flip shit.