Yipsy is anything you want it to be, any situation any circcumstance, its the new word of tennessee and we're spreadin it like wildfire
"my girlfriend cheated on me...", "Man thats yipsy!" "I got A on my AP History test! This is so yipsy!"
by Guthix March 14, 2009
a way of males (usually african american) to greet one another, it is a term commonly used by those in the "bloods" gang
by Guthix February 24, 2009