1 definition by NativeSonSF

Foip is an acronym that stands for: Failure Of Initial Purpose. Foip describes a product, organization, tool or item that, despite its promise of great performance, does not execute it's primary function correctly. Foip is particularly useful when such item is costly, highly decorated or is held in high esteem.
He said, "My $10,000 Rolex runs 10 minutes slow." She said, "Foip!"
by NativeSonSF March 16, 2010
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