a skateboarding maneuver involving falling on one's ass and/or face, is generally very embarrassing. immediate side effects are bruises and cuts, long term effects include fractured egos and loss of soul points.
A phrase used by someone who is discussing a concept (usually very difficult or extraordinary to the average person) that they have done so much that it has become very easy or simple to them and is no longer a big deal.
John: Damn Trey, I had no idea you could dunk like that.
Trey: Are you kidding? I flip that shit, Man!
----------------
Dane: Yo, I was sweet-talking this broad so good last night dude. I know she had been wanting to fuck me after that. Yeah, I flip that shit!
A shit flip occurs when a man falls asleep. A woman pulls down
the man's pants and takes a shit on his unerected penis. When the man awakes and has morning wood, it flips with the erected penis and goes onto his stomach.
My man was very surprised this morning when I decided to give him the ol' shit flip.