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1.
The act of pounding a girl in the missionary position in her pussy, then flipping her over to doggie style and pounding hes in the ass from behind.

This process can be repeated as desired by the participants.
Dude, that girl last night was a total freak! I really opened up and gave her the old flip and dip!
by actiongaston February 25, 2010
 
2.
/v/ - To completely own someone. Often used in the past tense, "flipped and dipped". An homage to Drop It Like It's Hot: "Must I remind you I'm only here to twist you Pistol whip you, dip you then flip you"
"I will flip and dip you", or "You got flipped and dipped, son."
by andrew parker May 30, 2008