Abandon or cancel out, usu. in reference to plans.
Sorry I had to dip out on you guys at frisbee today; it was way too hot out for me.
by Siren2277 May 22, 2008
to tell soumone ta get the fuck out
Yo BITCH, Dip the fuck out!(dip out)
by Dkguidjogfnjgjkwerngjkjigjerk April 09, 2009