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Stands for Sales Performance Incentive Fund. (Or Performance, or Person.) It's what sales people get when they don't get a decent commission or salary. Sometimes involves extra company product, sometimes a bonus prize.
When Dave sold the big stereo this month, they Spiffed him a trip to Hawaii; The only spif that Bob got, was a tshirt and one of the refurbed DVD players.
by eclecticbubba August 20, 2007
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2
A term of endearment. Kind of like calling dude or son. Taken from the word spiffy, usually with good undertones.
Person 1: Whats good homie?
Person 2: Nothin much spif, just chillin.
Person 1: You must really like me, you just called me spif
Person 2: Obviously spif.
by Mr. Spif Himself January 19, 2011
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3
To smack ones penis in the face of another. Less homosexual alternative to T-Bagging, when used towards the same gender. Generally applied towards a drunken aquaintance during a dare.
"Hey, I double-dog dare you to T-Bag Vinnie right now!"

"Aw, I would, but he passed out with his mouth closed. OH COOL I CAN SPIFF THAT MO'FUCKA. SCORE"
by IvyLeagueBiaatch May 05, 2008
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4
Stands for Slow People in Formation. It's a term used for a situation where a large group of slow moving or meandering people effectivly create a road block.
"If we have to drive today, let's skirt around downtown. The street fair has turned the whole thing into a spif."

Student:"Sorry, I'm late, I was stuck in bumper to bumper traffic."
Teacher: "Was there a big crash?"
Student: "No it was just a spif."
by spycloud April 02, 2007
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5
another way of saying spiffy or nifty...an expression of happiness...originated from new england
"That new skirt is SO SPIF!"

"I aced my math quiz! spif!"
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6
Heying, a mechanic that doesn't know what the ourtside of fob Ramadi looks like. "Heying is such a spif!"
by Dark Lorrrd February 10, 2008
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The vengeful act of crapping on a lover's chest while they sleep.

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