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1. flip it
To take product or products(drugs),and sell it/them for a profit.
Take this Shit to 7th and West and Flip it...
2. Flip it
An exclamation used when one makes a shot in beer pong telling the other team to drink it and flip it.
(after making a cup)Flip it Bob!
3. flip it
To record something using a Flip video camera. Usually used among YouTubers.
When I meet Will Smith, I'm totally gonna flip it and put it on Facebook.
4. flip it
To use when saying goodbye; abbreviated version of "catch you on the flip side"
Jack: That was a fun adventure we just had!

Steve: Yes! But now I must embark on another one. I will see you tomorrow.

Jack: Sweet, dude, flip it.

Steve: Flip it.
by Egging Jul 11, 2005 add a video
5. flip it
To turn a insult back on the person who says it.
man1: Dude, your a moron!

man2: Flip it!(No, your the moron!)
by Todd Vaughn Dec 18, 2003 add a video
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