peeop is a contraction of pee and poop, which would just be some rather righteous diarrhea. Excellent word to use when something is nothing more than refuse or excretion. Anything useless may be described as Peeop.
Pronounced "P-OP" OP as in co-OPerations.
Dude, go look at all that peeop in the toilet!
Man, these cheap cameras are peeop.