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Something that is a little bit risky and makes you nervous. Usually when one is nervous, a gulp is formed betwixt the esophagus walls. Hence, gulpy was formed.
Man, that episode last night was real gulpy!
I’m so gulpy rn, I hate public speaking!
Don’t be so gulpy with me dawg.
Gulpy by mcDonalds_sucks_ngl November 6, 2021

palmer gulpy 

The Palmer Gulpy is when you take an arnold palmer mix it with vodka, lean, and an americano from starbucks and cum into it. Then you drink it and vomit it into someones mouth (Most likely your partner.)
"Bro do you want an Arnold Palmer"
"Nah I did the Palmer Gulpy last night Ima be turned off by that shit"

gulp gulp 10000 

the act of sucking someone’s dick so violentily,so sloppily, so alarmingly hard yet so careful and gentle, that it puts them in a pleasure induced coma.
yo bro kymanii gave me the gulp gulp 10000 two months ago and it took me almost 3 weeks to wake up! it was three weeks that i’ll never get back but, man did it feel great!
gulp gulp 10000 by daveyboi6969 October 17, 2019

gulp gulp gulp gulp gulp gulp 

sucking on someone’s dick so hard that you are about to rip it off
AHHHHHH~ DO THE GULP GULP GULP GULP GULP GULP GULP- MMMMMMM~

gully gully 

1. A phrase used to describe an item (usually a commercial product) which is cheap, tacky, badly designed, old fashioned, poorly manufactured and/or characterised by a laughably obscure brand name.

NOTE: By coincidence, this phrase is semantically similar to the hip hop colloquialism gully, although the etymology is undoubtedly different.
While gully gully can be similar in meaning to some uses of gully and ghetto, it's chief meaning is wack.

2. A synonym for a crap training shoe.
1. "My gran bought me a gully gully watch for Christmas. I opened it and realised the wrapping paper was more likely to tell the right time!"

2. "When I was a kid my mom always made me wear gully gullies to play football in. They were called 'Run Team Pro Shaft 900' and they fell to bits after 2 days!"

gully gully by Cree$e November 19, 2007

Gulp Gulp 

It is just like Gluck Gluck. But instead, the female expresses "Gulp Gulp" when she sees the size of the dick.
Jamie expressed, "Gulp Gulp" when she saw the monsterous size of that dick she was about to suck on.
Gulp Gulp by CreatorofMind October 3, 2019