jip-joint 

A place that will rip you off and has jacked up prices. Usually a business.

Come on, Silent Bob, lets get the fuck out of this fucking jip-joint, with this fucking faggot Dante, you cock smoker!

jip-joint by papanut July 25, 2014

jip-joint 

An undesireable area. Usually a residence or business.

Yo man, let's get outta this jip-joint and hit up the mall.

jip-joint by J-Skeet December 28, 2008