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1.
combination of nice and hype; to express pleasure or satisfaction with something
yo, dude's car is nype
by J. Smoothe December 23, 2004
 
2.
Performing sexual acts over skype. So essentially naked skyping.
Killeh: Hey that guy called me the other day
Toni: What the guy from the bar?
Killeh: Yeah, he totes wanted to Nype. Not happening.
by GreenGiantAJ June 12, 2012