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The sound you make when you go to sit down but the chair is farther away from your ass than you anticipated, or not even there, so you do a full falling spasm.
Person 1: 'Oh look, a chair.'

*Starts to sit down*

*Person 2 pulls the chair away*

Person 1: 'TISPT.' *falls over*

Person 2: 'Ahahahahaha.'
Tispt by Cheesyla October 30, 2011
Related Words
An acronym for the phrase "Thank god I'm pretty"
Used after an epic fail.
For example:

After Emma slipped and landed on her ass, everyone started laughing. To express to her peers that she is confident enough to laugh at her self she would say,"TGIP".
TGIP by seniors2011watsupbitches September 13, 2011
TGIPD because I'm in the mood for a shopping spree =
tgipd by hello_beautiful3647 August 14, 2008
Thank God I'm Pretty: when you do something stupid, a cover up for the mistake.
You: I got benched for the whole game. TGIP.
TGIP by matarocks September 13, 2011

Trispatricksan 

A severe disease of the Twitter stream. Major side effects include Twitter spam and an inability to use instant messenger clients.
Have you checked Twitter tonight? It's nothing but trispatricksan!
Another word for Sperm. The sticky white stuff that comes from the penis
Look that plastic bag is full of trisp
Trisp by Rhettrick April 7, 2010