This has now changed! The word is now used with reference to pikey or chav areas/behaviour/clothing and attitude.
'Look at that gipnut' / 'the area was so gipnut'
by bunnyears November 12, 2004
Get the gipnut mug.
See gippo
A more 'affectionate' insult, for use on your nearest and dearest.
by bunnyears May 4, 2004
Get the gipnut mug.