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1.
n. A venomous snake that inhabits in Manique de Baixo. It is known for it's slanderous attitude, superiority complex and complete arrogance. This species thinks it's God's gift on Earth, although it only manages to drive people away from her with her boisterous, bitchy attitude and perennial badmouth.

Although it refers to a special type of venomous snake, it can also be used as an adjective.
"My ears are bleeding, I just had to endure a half-hour conversation with Lipa"

"Fo' shizzle, dizzle, that ho over there is a total Lipa"
by subbacultcha January 02, 2006
 
2.
Long
Island
Power
Authority

A gov't run power company serving Long Island, NY. Formerly an independent company called LILCO
The LIPA stacks in Northport can be seen from the top of the Empire State Building on a clear day and are the tallest on the East Coast.
by Brian December 02, 2004