A gypsy nip is a term used to diagnose someone who has a cursed nipple. The curse usually comes from a gypsy (hence the name) but can also be contracted from other things such as a witch
"I'm sorry sir but you have gypsy nip, you have 2 months to live"
"That is one weird looking nipple, you have some sort of gypsy nip"
by Kell dog March 5, 2017
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