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1.
A race of white people (most commonly found in large cities of central europe) with slightly darker skin than an average person, who live from stealing, robbing, mugging, cheating, kidnapping, raping and prostitution. They refuse to work even if they are offered a job. They live in dirty conditions, in houses that are about to collapse, or just houses made from scraps of metal and cardboard they find. They have no hygiene and therefore lose their teeth by the age of 40.
Gipsies swarm the streets after sunset and are out until about three in the morning. They like to hang out near pubs, and gambling places in large cities.
Gipsies from ages 12 upwards are often feared of due to their aggressive nature. They often attack children AND adults with knives to steal their mobile phones, belongings etc.

Some people say gipsy isn't a type of people. Its a way of life. However they are right, being a gypsy or "having nomadic habit of life" usually runs in the family.
Example of the word being used in sentences:
Hey, that gipsy stole my phone!
Yesterday i was attacked by three gipsies.
by Marceee June 06, 2009
 
2.
A term used in the restaurant business pertaining to any persons who are either cheap, don't tip, or try to cheat their way to a free meal. One who will run staff into the ground with no gratitude. Gipsies are known to ask absurd requests and complain about anything and everything so they won't have to pay for the enormous amount of food they ordered for their giant family/guests .
Cashier: You were working pretty hard for that table. Did you get tipped?

Waitress: Nah, they were a bunch of gipsies. Make sure they don't pull anything up here to get a freebie.

Manager: Don't worry, I've kept my eye on the lead gipsy all night.
by littleredisntlittle January 10, 2011
 
3.
A West Indian/Caribbean term meaning "overly curious". Generally used to reprimand someone who asks too many questions about topics that don't concern them.
Boy: Mama, why that man have so many wives?
Mother: Don't be so gipsy.

Girl: I heard you tellin' Becky about that party last night. But I didn't hear the last part. What'd you say?
Other Girl: Why you so gipsy?
by Ms. Ish October 02, 2007
 
4.
gipsy = beautiful
gipsy = free
gipsy = no to hate
gipsy = yes to love
gipsy = style
the true gipsy is on the inside
by The Gipsy King September 04, 2006