Acronym for the phrase "I'll pimp slap you." Most commonly used online and in text messages. Often a reaction to something dumb, unrealistic or crazy. Despite it's aggressive tone, this phrase has a friendly tone when used among people familiar with each other.
Maria: "So he liked antique shopping, I didn't think he was gay!"
Jose: "Are you kidding me? IPSY!"
Jose: "I've got hoes in different area codes!"
Maria: "Different area codes? How many?"
Jose: "Four!"
Maria: "IPSY!"
A hardo is a person who tries extremely hard at everything. Most times a hardo will try very hard at things that do not require excessive effort. For example, sports practices, gym class, etc.
Wow did you see Jack at practice today? What a hardo!