Mock-pompous English greeting which conveys jocular familiarity on the recipient. Sometimes used in conjunction with "What ho!" and "Old bean" for maximum effect. Derived from PG Wodehouse's Jeeves and Wooster.
Edmund: All right, where is the malingering git?
George: Hello, Cap! Pip pip, Balders! Here I lie.
Colloquial English phrase for goodbye
A: We'll be in touch. i'm just about to watch a recording of Arsenal smashing the shit out of wigan
B: Enjoy! Pip pip!