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1.
Internet Protocol Address.

The list of numbers assigned to every person connected to the internet by the Internet Assigned Numbers Authority.
I got his ip address, found out where he lived, went to his house and killed him.
by larstait October 13, 2003
 
2.
An archaic techno-term that no one really understands and whose altering/fixing is best left to a specialist
Comcast: Sorry for your internet problems, has your IP address been assigning itself to your other modem?

Me: ugghhh...
by mnrainmaka December 05, 2010