Adjective - To describe a person who is appealing to the eye, gorgeous, beautiful, hot, stunning etc.
Megan Fox is tippit.
by BluKoo October 20, 2010
A broke ass motherfucker, who owes everybody money, but always finds an excuse not to pay them.
"That fucker owes me a hundred dollars from two years ago! Hes such a fucking tippit!" or "Don't be a tippit!"
by Drewius Maximus May 10, 2008