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nice drip 

"drip" or "dripping" is a word coming from Atlanta, GA, popularised by rappers such as Gunna and Young Thug.
When you're dripping it means u wear some "drip" = nice clothes, jewelry etc.

so when somebody tells you "nice drip", it means that you're wearing nice clothes.
consequently, if you're in the hood, it means that you will probably lose your nice jewelry.
situation 1:
student 1: yo wassup? nice drip u got there! Them diamonds be shining haard
student 2: thanks my G

Situation 2:
hood guy 1: yo nice drip homie! would u give me sum?
me: *starts sweating*
nice drip by ZinExcel May 6, 2020
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Nice Drip 

when you got that sauce that's lookin extra fire.
Ayo my homie scott got real nice drip with his louis vuitton bruh.
Damn homie his fit is fire as fuck.
Nice Drip by eggski May 6, 2020

nice drip 

This phrase has two meanings.

One: When a painter is painting and drips paint in an interesting or aesthetically pleasing way. Giving a sense of wholeness.

Two: When someone drips some knowledge or information that gives you a sense of wholeness or is useful to you.
*friend 1nis painting, drips paint, but lands on the canvas*

friend 2 observing: "nice drip man!"

friend 1 : Hey did you know cheetahs are the only cat that can't retract their claws?
friend 2: Haha, nice drip homie !!!!!
nice drip by smallfreak November 7, 2017