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PSP = playstation portable, the term psp also stands for the following words psp = pretty small penis so if u have a psp im sorry
girl:yo! my boyfriend got a psp.

dude: wow im so sorry...
PSP by Criss4105 September 2, 2009
YAAA!!111!!one DS R001Z (SNORT)
YAAA!!one!!11 IM GONNA GO TOUCH MYSELF
PSP by extremely high dude May 3, 2005
Jeremy: Ugh.I can smell her PSP from miles away!!
PSP by jessica is a les July 6, 2010
Abbreviation for Phi Sigma Pi. Phi Sigma Pi is commonly known as the national honorary co-ed fraternity.
Billy - "I'm proud to be a brother of Phi Sigma Pi."
Jack - "Me too, Billy. Hey we should have a Guys Day Out event for all of the guys in PSP."
Billy - "By PSP, you mean Phi Sigma Pi?"
Jack - "Yeppers."
Billy - "Oh."
PSP by ImBack88 May 5, 2009
The word PSP can be used as a short cut for its famous advertisement, "PSP step your game up!"

Usually in the context of getting someone to do something
-"Dude smoke this Jeffry with me"
*"Nah dude im to tiered"
-"PSP dude PSP!"
*"Alright hand it over..."
PSP by Wipeout99 June 23, 2011
"PSP" is a commercial acronym (also a brand logo) for PlayStation Portable made by SONY.
It is very popular among the people of various age specially kids and teenagers.

PSP comes in four different designs/models- 1000, 2000, 3000 and N1000. they are different in many ways from the hardware to the software platforms.
He wants to get a new game for his PSP
PSP by ovidhan January 17, 2015
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