1.A honey dip is your main dude/chick, your ride or die dude/chick who is with you through thick and thin...
2. your main dude/chick on the side.
"Yo where the honey dips at?"- Tyler, the Creator (She Video)
Honey dip basically means a person who you chill with and could have benefits with regardless of you being in a relationship.
Prices shown in USD.
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