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1.
The act of grabbing a dick very firmly.
Goddamn, that Rui really knows how to gripz.
MAJOR GRIPZ GOING ON!
lawl, i like it when you gripz!
by StickmanX August 20, 2008
 
2.
Objects that tend to disappear easily. Often debates break out on who has the best Gripzs. The "zs" ending is not a type o, it in fact contributes to the pronunciation. (Gruh-ip-thz) Typically spoken in a lisp like tone.
"Have you seen my gripzs? They seem to have disapoof"
by Bob Jobs March 31, 2010