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1.
A way to describe the amount of money in your wallet at a given time, usually used by cocky gamblers who have nothing in a bank account, but will sometimes have large amounts of cash in there wallet due to a rare win.
John: "How did you get on down the bookies?"

phil: "Great man, I left with 5000 on the hip"
by Unlogical Logic December 19, 2011

Words related to On the hip

cash money paper wallet wealthy
 
2.
As in making a phone call, calling a friend.
"Hit me on the hip"

;)
by Anonymous August 07, 2003