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1. Nip Tip
Stupid, overused, annoyingly loud, unhealthy-sounding mufflers. Generally used on Japanese import cars, but sometimes on American compacts.

a.k.a. Fart-Cannon
I just got a new nip tip for my Camry, doesn't it sound fast now?
by redneck2420 Aug 18, 2005 add a video
2. Nip Tip
When a male places the eye on the tip of his penis around a female's nipple. Thus, making the nipple disappear caused by the surrounding penis tip.
Yo dude I totally gave my bitch a Nip Tip last night. She moaned so loud.
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