1.) Slang term for the band affectionately known to all Canadians as "The Tragically Hip".
I went to see The Hip last night, and had floor seats!
by DasHip81 January 15, 2004
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A way to describe the amount of money in your wallet at a given time, usually used by cocky gamblers who have nothing in a bank account, but will sometimes have large amounts of cash in there wallet due to a rare win.
John: "How did you get on down the bookies?"

phil: "Great man, I left with 5000 on the hip"
by Unlogical Logic December 19, 2011
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Cooler than cool, the pinnacle of what is "it". Beyond all trends and conventional coolness. Not to be mistaken for "deck".
"Stay away from the tacky velvet-rope MTV frat-boy clubs on the beach. Check out this party downtown instead, it's gonna be hip."
by None November 15, 2003
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What many woman hate about themselves yet many men find attractive.
Woman 1: Gosh, I hate my hips!

Woman 2: Oh, I know! Just look at these saddlebags!

Man walking by: DAAYYYMMM!!!! Look at dem HIPS!!! *whistles*
by KrazyKurves July 11, 2008
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The hottest part of a womans body.
See: Shakira
The way she shakes her hips keeps me so distracted that i didn't even realize that there were other people in the video for "Hips Don't Lie".
by Zecheriah April 23, 2006
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An outdated word that, when used to describe oneself, means the opposite of what its user assumes its meaning to be. Mostly used by older people in an attempt to be accepted by younger generations. Often used in conjunction with urban slang used in the wrong context
"Hey guys, YEET! What? That's not how it's used? Don't worry, I'm hip guys. I'm down with the millennials' lingo."
by Spamalot1239 March 1, 2019
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Informed, up to date, fashionable, contemporary, relevant. Being modern in dress, attitude and interests. From "hepi," meaning "well-informed" from the West African language of Wolof.

The word was probably introduced to America by slaves imported from West Africa, and was still in use in 1930's era black speech. Hip/hep probably entered the mainstream American lexicon by way of the Beatnik subculture, who believed in racial integration, listened to black music and used words borrowed from black speech.
1930s: Are you hip to the jive?
1950s: He's one hep cat.
1990s-2000s: They are terminally hip.
by the birds and trees September 24, 2007
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