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Stands for Sales Performance Incentive Fund. (Or Performance, or Person.) It's what sales people get when they don't get a decent commission or salary. Sometimes involves extra company product, sometimes a bonus prize.
When Dave sold the big stereo this month, they Spiffed him a trip to Hawaii; The only spif that Bob got, was a tshirt and one of the refurbed DVD players.
SPIF by eclecticbubba August 24, 2007
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A term of endearment. Kind of like calling dude or son. Taken from the word spiffy, usually with good undertones.
Person 1: Whats good homie?
Person 2: Nothin much spif, just chillin.
Person 1: You must really like me, you just called me spif
Person 2: Obviously spif.
spif by Mr. Spif Himself January 20, 2011
Related Words
Stands for Slow People in Formation. It's a term used for a situation where a large group of slow moving or meandering people effectivly create a road block.
"If we have to drive today, let's skirt around downtown. The street fair has turned the whole thing into a spif."

Student:"Sorry, I'm late, I was stuck in bumper to bumper traffic."
Teacher: "Was there a big crash?"
Student: "No it was just a spif."
spif by spycloud April 24, 2007
To smack ones penis in the face of another. Less homosexual alternative to T-Bagging, when used towards the same gender. Generally applied towards a drunken aquaintance during a dare.
"Hey, I double-dog dare you to T-Bag Vinnie right now!"

"Aw, I would, but he passed out with his mouth closed. OH COOL I CAN SPIFF THAT MO'FUCKA. SCORE"
SPIF by IvyLeagueBiaatch May 5, 2008
another way of saying spiffy or nifty...an expression of happiness...originated from new england
"That new skirt is SO SPIF!"

"I aced my math quiz! spif!"
Heying, a mechanic that doesn't know what the ourtside of fob Ramadi looks like. "Heying is such a spif!"
Spif by Dark Lorrrd February 10, 2008
A SpiF is a person that puts everything into being great at something they love to do and won’t stop until they achieve there goal.
Hey you are the SpiF because you never stopped trying to reach your goal.
SpiF by anonymous December 9, 2021