A racial slur referring to people of East Asian descent. Most commonly it is a shortened version of the term zipperhead, but may also have a seperate origin as Vietnam War slang, an acronym for "Zero Intelligence Potential", in reference to enemy combatants/civilians (of Southeast Asian descent) that were unlikely to provide any worthwhile intelligence information, ie: just kill them, no reason to interrogate them.
Veteran Joe: "Learn English ya got-dam zip!"
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