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!"
Boys who enjoy yaoi (a genre in Japan that contains sexual and/or romantic relations between two men); literally translates to "rotten boy"; corresponding female : fujoshi
May I have an order of regular degular buttermilk pancakes? Without all the added jazz? Hold the blueberry smiley face, strawberry glaze, chocolate chips and whipped cream.