1. A sound that is made when ever something extremely stupid is said.
2. A sound that is made when a person saying something gets tongue twisted and realized that what they said made completely no sense.
3. Another sound used for "no homo".
4. Usually said after and awkward silence shared between your friends.
Ball in Pocket. When a shitty golfer constantly let's his partner down by taking multiple shanks, chunked shots and topped shots to get anywhere close to the green. He finally realizes everyone else is on the green in two and he is hitting 8 that he can't contribute and picks up his ball and puts it in his pocket.
That Victor guy is a BIP! I felt bad for his partner. He had no help
Person1: You Shnang!
Person2: I will bip you!
Person1:shu-
Person2:BIP
Person1: OWWWW YOU TAR SQUARE HOLE!!
Person1:Why the flip did you bipping hit me on the headlike that!
Person2:It was a bip.