Definitions by Arni Duckheart

MIP 

MIP abbreviation for Making It Pay!

Making it pay- a sexual act.
Making it pay- masturbation
Similar to BIU

Arni: Hey, where's Rick?
Jake: Oh, I heard him MIP in the other room.
Arni: Like a nigga.

MIP by Arni Duckheart January 1, 2010