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In the sense related to Filipinos, flip can be an acronym and a word.

acronym flip: "fucking little island person" used by U.S. troops long ago during times of war

word flip: short for Filipino used by ignorant Filipinos and others

Even though the acronym for flip can be changed to flatering, kinder things; flip should not be used by anyone who actually respects filipinos. Instead of using the word flip, use words like pinoy(pinoy for girls), and filipino(filipina for girls).
"Those flips will be the first to die in this war."

flip2499:dude im a flip, its in my name
pinoyisbettadenu:kid do you know what flip means?
by Flipisnotagoodword September 22, 2007
24 12
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 February 06, 2004
1569 788
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.

by got_adobo? June 16, 2006
1063 630

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
by YounGotti April 17, 2007
528 151
To go crazy, to go insane.
I was so mad, I thought I was going to flip.
by Light Joker September 19, 2004
729 366
short 4 filipino/filipina person
i'm a fLiP
by aj April 27, 2004
718 496
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 January 17, 2005
534 398
To sell drugs
I just found a new connect. I got a half pound to flip by friday.
by Tree October 30, 2003
313 193