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When a man or women goes up to another person (most likely someone they know) and takes there two fingers and flips someones breast or "titty" and say "nip flip"
Warning: don't do this to a stranger, because the results in the joke my very from funny to violent.
Bob went up to his best friend jimmy and flipped up jimmy's nipple and said nip flip. Jimmy confused and laughing said what the hell are you doing. Bob reply's "i just gave you a nip flip".
nip flip by ballaboy18 August 22, 2008
To flip a female or male’s titties
C’mere so I can give you a nip flip...
To flash your nipples aggressively at someone out of spite or anger, as opposed to flipping them off.
"Hey, there's that BITCH Bekah, she is the worst. I'm gonna nip flip her"
Nip Flip by Reckybekah July 9, 2017

Flip a Nip 

-Freak out
-Go Crazy
-Feeling after having a night of sweaty sex with Andy Burn's mom
-Take a smash while eating a bowl of cereal naked, while Andy's mom is giving you a BJ
"Man, dtop flipin a Nip"

"Dude last night i flipped a nip"

"Step right up, step right up, Flip a Nip for 50 cents, yes she's cheap!"
Flip a Nip by AJ November 24, 2004

FLIPPER NIP 

Is girl or boy who is serously getting on your nerves..
Or is a person who is about to cuss but they say flipper nip.. Or a Hoes Nipples..
Damn did you see that Flipper Nip..
Shut the Fuck Up You Flipper Nip
FLIPPER NIP by Codename22 August 1, 2007
a flipping of the peck with yur finger
i walked by and gave gabe a nipflip
nipflip by jlitch May 5, 2007