to leave an area with extreme haste. in a situation when and individual utilizes this word, said individual will usually be breaking all known laws of physics in the exiting of the area designated as the LZ, or landing zone.
Guy 1: Yo there's a hot girl there.
Guy 2: Imma go for the coochie.
Guy 3 to Guy 1: Yo lets dip before this retard comes back.
Guy 2: Yea lmao.
When used in its acronymical form, representing the terms "Doing" "It" and "Partner." A DIP is therefore a person with whom one engages in sexual intercourse/activities. The term can be used as a substitution for girl/boyfriend or in reference to an individual with whome one is only 'messing around.'
Yeah, I always see him with his DIP these days, never has any time for us.
Girlfriend?!? Fuck that, she's just my weekend DIP.