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1. flip
one of filipino ancestry. can also stand for "fine looking island people/person."
dayum! did you SEE that flip!? she was fyyyyyyne!
by el em ay oh Feb 6, 2004 add a video
2. flip
originally a deragatory termed used for filipinos by US soldiers. FLIP = fucking little island people.
if you were a true filipino, you won't kep referring to yourself as "flip". but instead, call yourselves pinoy/pinay or spell out filipino. be proud of your culture.

MABUHAY NG PILIPINAS!
3. flip

If you flip something you make a profit out of it.

Let's say you bought a 5-stick pack of gum for 25 cents and you sell every stick for 10 cents (giving you 50 cents) you just flipped the pack of gum.

I heard there was a show where people flip houses.
They buy some houses, fix them up then sell them for more than they paid.

So I guess you could flip anything, but when I hear someone say they flipped something I'm usually thinking about narcotics.
In the example, "pound" is probably a pound of chronic, cocaine, etc..
Should I shoot out of town and flip this pound? - Mack 10
4. flip
To go crazy, to go insane.
I was so mad, I thought I was going to flip.
by Light Joker Sep 19, 2004 add a video
5. flip
short 4 filipino/filipina person
i'm a fLiP
by aj Apr 27, 2004 add a video
6. Flip
the shortened & rearranged term for filipino.

Flip - "Funny (or Fucking) Little (or Looking) Island People".

Our ancestors were named flips from the Americans as in insult. Just like how they called the african american's niggers. Remember when the whites were seperated from the blacks? it happened to the Filipinos too. They even tried banning the Filipino's from migrating to the US.
She's a Flip.

*remember what Flip really stands for and how hard it was for the Filipino ancestors that went through it all.
by redjoyy Jan 17, 2005 add a video
7. flip
Flip is a degrading racial slur for people of Filipino descent. It was used way back in the day to mean "Fucking Little Island People" The one`s who use it are just so stupid that they don`t know they`re own culture`s history. So please get it straight.
FLIP is degrading to Filipinos, but most are being stupid and calling themselves that.
by alysserr Jun 27, 2005 add a video
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