look up any word, like potate:
 
1.
Akin to the nip slip. When a woman's pussy lip slips out of her thong or underwear. Short skirts and shorts provide the best opportunity for lip slip viewing.
Dude, after Chetto's girlfriend got up from the chair, I was pleasantly surprised by the lip slip she had going on with that short skirt.
by Merkin Donor II March 27, 2008