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flipped up collar kid

use to describe a person that wears their collar flipped up. However the use of "flipped up collar kid" is supposed to be used as an insult because of the first letter of each word spell something.
When you call someone a "stupid flipped up collar kid" you actually are calling them a...

"stupid F***"

collar me up 

Used in casinos. To quit playing and ask the pit manager to give you money in return for your chips.
Hey, buddy, collar me up, would you?
collar me up by david26 August 10, 2006