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flip it, flipped it 

to take an investment or sum of money and quickly turn it around to a more profitable situation

To drastically change a situation around
I would take the property and flip it.

After Kennedy paid me back I flipped it in 30 days.

He was a player when I met him, but I flipped him in week.

flipped it 

Common phrase used in the underbelly of society amongst the criminal fraternity for making a healthy profit by selling on assets, more often than not illegal substances.
E.g. 'I got an Oz for 7 Quid and flipped it for 20 quid overnight' 1 Quid = £100

flippedie flappedie floep 

A very fat penis.
That guy has a flippedie flappedie floep