Also known as 'What's going on' (a grammatically precise alternative). Used by many of the 90's teens, but could slowly make a come back.
Guy1: "Hey dude, what's the rip?"
Guy2: "Bloody Knackered that's what"
by Hanna September 13, 2004
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Something that’s unfair; not worth it. A rip-off
This giant gummy bear is 45 bucks? What a rip!
by UncleDum March 5, 2018
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