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1.
mip
Minor In Possession. Specific state laws dictating punishment for a minor found possessing alcohol, marijuana, or other controlled substances. Generally a light misdemeanor; in Michigan, for example, the maximum punishment for an MIP conviction is a $100 fine.

Note that the legal definition of "in possession" can at times include "under influence;" for example, the Michigan MIP law allows for a legally drunk minor to be charged with possession. This amendment was intended to close a loophole related to drinking in Canada; in previous cases, defendants had argued that drinking in Canada did not constitute possession in Michigan.
My friend had a dime bag in his glove box, and when he got pulled over they slapped him with a MIP.
by progamer124 October 10, 2003
216 44
 
2.
mip
MIP is short got Minor In Possesion
(weed, alcohol, etc..)
I got a MIP when that pig found a 20 sac on me.
by Whito October 10, 2003
75 32
 
3.
MIP
stands for Minor in Possesion. a citation given to minors found to be in possesion of alcohol.
"i was floating the guadalupe on saturday and some cop gave me an MIP."
by tdm duh February 15, 2007
56 22
 
4.
1. Minor in Possesion
2. Something you can't graduate college without
"Dude, I just got my 3rd M.I.P.! If I get one more I get a free brethalyzer!"
by ugafrat January 04, 2007
19 8
 
5.
An Acronym For "Meaningless Indication of Processor Speed"
Your Computer has 3 more MIPS than mine...
by MRsneezy November 11, 2007
14 10
 
6.
Unusually large male hips. Man hips. See related "moobs."
n. "That man's got back; he's got some mips on him!"
by mlle February 16, 2007
11 11
 
7.
MIP
MIP abbreviation for Making It Pay!

Making it pay- a sexual act.
Making it pay- masturbation
Similar to BIU
Arni: Hey, where's Rick?
Jake: Oh, I heard him MIP in the other room.
Arni: Like a nigga.
by Arni Duckheart January 01, 2010
14 21