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Philiping 

When you try to fart and end up shutting your pants. Unfortunate.
Man I went to the prom and ended up philiping
Philiping by Bret carroll December 17, 2019

Philippino 

pnai765:OGM BIENG PHILIPPINOS SO KEWL!
Pinoy57626: Dumbass.
Philippino by DamnRicers March 28, 2005

Phillipino Flapjack 

A sexual encounter in which you ejaculate in your hand and smack the girl in the face.
The angry pirate got boring, so i blasted the bitch with the phillipino flapjack!
Phillipino Flapjack by mDiB April 7, 2010

Philippino Crab Walk

The most skillful martial art in the world
I'm the master of the Philippino crab walk
A unisex term referring to a person or persons of ethnic descent originating from the Republic of the Philippines.

Pilipino refers to a person born in the Philippines. Filipino refers to a person not born in the Philippines, but of Philippine ethnicity.

This delineation is due to the fact that there is no phonetic equivalent of the letter 'F' in any of the Philippine Islands’ indigenous languages. Spaniards who named the Philippine Islands after King Phillip II (Las Islas Filipinas) had such a sound in their language. The closest phonetic sound inhabitants in the Philippines could use was ‘P.’

Hence, people Philippine-born refer to themselves as Pilipino (they even write it as ‘Pilipino’), while those born outside the Philippines (e.g. the United States) refer to themselves as Filipino (or Filipino-American in the above case).
Pilipino

Example 1:
My dad was born in the Philippines; he’s "Pilipino". I was born in Rampart, California; I’m Filipino-American.

Example 2:

Person 1: What’s your nationality?
Person 2: Full-Blooded American.
Person 1: No, where’re you from?
Person 2: West Covina, California.
Person 1: No, I mean, where’re your parents from?
Person 2: Oh – the Philippines.
Person 1: Oh so they’re Filipino.
Person 2: No, They’re "Pilipino".
Person 1: That’s what I said: Filipino.
Person 2: No, my parents are Pilipino. And I’m Filipino-American.
Person 1: …?

Pilipino by Bob-A January 5, 2009
People originating from the Philippine Islands.
'P'ilipino or 'F'ilipino? Good question! No definite answer.
Pilipino by Bernie May 23, 2003