Usually used in reference to a sprinting athlete at a track and field meet, describing them as running at a speed that ranges between "hyper speed" and "lightning speed", which is basically fast as shit.
Alyssa- "Okay so why is that guy wearing sunglasses when we're at an indoor track meet?"
Andrew- "No shit, that's Coach Dylan! That dude's got Lyper Speed."

Alyssa- "so you mean he's fast as shit?"
Andrew- "yeah, like really fast shit."
by Willywonker January 17, 2014

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