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3.
An alteration of the phrase, "what's happening?"

Its earliest usage dates back to 1992 when Ice Cube (best known for his lead acting role in "Are We Done Yet?") inquired eloquently about the occurrence of a game of craps.
Tre: Whats the haps?
IC: I don't know, but today seems kinda odd
Tre: Do please elaborate while I listen to Footsteps In The Dark by The Isley Brothers
by Goodyear Blimp October 06, 2011
 
1.
Regained popularity thanks to Gary Busey in the movie "Beyond the Ring"
Gary Busey (talking to asian crime king pin) "Yo guy! Whats the haps?"
by Craiglos April 23, 2008
 
2.
what's happening
Hey Haulie, whats the haps? North Shore (the movie - 1987!)
by mattywalker January 04, 2012
 
4.
a cool way of saying "whats happening"
hey dude whats the haps
by royal marine March 11, 2009
 
5.
A cool way of saying whats happening or what is going on. Can also be used as a greeting. First used by Sideburns 2003.
Whats the hap? OR Whats the hap man
by Adz October 27, 2004