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!
by papanut July 25, 2014
An undesireable area. Usually a residence or business.
Yo man, let's get outta this jip-joint and hit up the mall.
by J-Skeet May 22, 2007