look up any word, like pussy:
 
1.
alcoholic icecream, traditionally chocolate icecream with liberal amounts of kahlua, best eaten in the bath
well that was an excellent peter garrett dancing competition, <insert fellow midnight oil fan's name here>, would you care for some phip?
by omisa October 20, 2005
1 1
 
2.
When you walk in to a room and can't remember why you went into that room.
Going into the pantry to get a loaf of bread, I phipped, and just stood there unable to recall why I was staring into the pantry.
by Cameron March 12, 2004
2 8