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Stands for Previously Important Person. Someone who just retired from a position of power and authority who now orders around family members and is a control freak around the house because he has nothing else to do. Often treats his wife like an assistant. The wife usually keeps working to avoid him.
Earl was CEO of a mid sized company. He retired last year and now is a pain-in-the-ass PIP.
by lone stranger2 April 03, 2010
sort for "Pippin" which is a 1920s slang term for a very pretty girl.
"MAN! That girl is such a pip! Look at those boobs!"
by Houle Mckean July 19, 2006
An annoying young boy from camp who harrassed me this year and threw me in the lake last year.
Pip Dawes is an ass.
by Your Moma September 20, 2003
Penile Insertion Potential
The potential of a given man to have sex with a certain girl. If the PIP is low, then sex is unlikely. If PIP is high, then the man will most likely bang her like a screen door in a hurricane.
Al: What's your PIP on that chick over there?
Bill: High. At least 8/10. I'd fuck her until my nuts fell off.
by nz March 11, 2004