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*Originally Twitter slang or dialect that with read aloud sounds like "white people" which is its actual meaning.

However, use of the word in derogatory forms on social media accounts by the BLM movement and memes, have recently turned the word into a "Racial Slur"
Wypipo, be great at saving dat cash fur retirement, yo.

Or
Wypipo cant jump.
Wypipo by Obama hair April 27, 2017
Related Words

Wypipologist 

Wypipologist is a humorous slang term for someone, usually a Black person, who "studies" wypipo, or "white people."
Wypipo, after all, do some crazy stuff in need of expert explanation. Wypipologist.
Wypipologist by Cle Cle August 22, 2020
damn, these whypipo always up in black people's business!
whypipo by stellaohlala August 2, 2021

wypipologist 

An advocate for the subset of citizens defined by privilege, the ability to wear flip-flops in all climates and an irrational empathy for animals while displaying antipathy for any group of people other than their own.
My aunt the wypipologist won't sit next to a Muslim on an airplane, but thinks anybody who accidentally hits a dog with their car should go to jail.
wypipologist by Larry from SF July 30, 2018
if you’re here from that tiktok i’m guessing it means white people
“there’s only wipipo here”
wipipo by ky.lee1k September 8, 2022