I'd Pee In Her Butt
A phrase often shared between males when the female of the species is close-by.
Hey, man. Look at that one right there! IPIHB!
IPIHB(IPIB) = I'd Put It In Her Butt( sounds like i pib)
code used by two or more guys staring at a female close by
Jorge: Yo mike, ipihb....would you ipihb?
Mike: Hell yea i would ipihb, bro!