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1.
Stemming from the word gypsy.
means ripped off, conned, mislead.

Often mispelt as "jipped"
"What? The concert was at 8? it said 10 on the flyer!"
"Man, we got fucking gyped"
by George Wong August 09, 2007
 
2.
Past tense derogative term of Gyp. To steal, rip off, sham, or scam someone.
Yo man that cunt face just gyped me of my radio
by EwigStolz October 25, 2006
 
3.
Being screwed by a gypsy.
Man, that chick in the tent really gyped me hard.
by asdfghjklqwertyuiopzxcvbnmqwer February 20, 2009