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In the sense related to Filipinos, flip can be an acronym and a word.

acronym flip: "fucking little island person" used by U.S. troops long ago during times of war

word flip: short for Filipino used by ignorant Filipinos and others

Even though the acronym for flip can be changed to flatering, kinder things; flip should not be used by anyone who actually respects filipinos. Instead of using the word flip, use words like pinoy(pinoy for girls), and filipino(filipina for girls).
"Those flips will be the first to die in this war."

flip2499:dude im a flip, its in my name
pinoyisbettadenu:kid do you know what flip means?
flip by Flipisnotagoodword October 7, 2007
1.) a sexy island person
2.) short for flipino
3.) BALLERS
1.) damnn look at that fine flip
2.) wassup my flip homie
3.) look at that flip's mad handles
flip by vi3t.pric3 May 13, 2005
Related Words
Can also be defined a slide or a freak booty....
Yo shorty is a flip. A yo i spoke to shorty, and she gonna let us flip her
Flip by A-real-Nigga December 1, 2006
v-to do an inversion in the air
n.-a trick involving an inversion in the air
v-to get really mad.
I did a back flip. My dad's going to flip when he sees this crappy grade.
flip by 5'1"Racer January 19, 2004
let's buy a quarter and flip back 2 g's

"a-fro-man take a pound of bud and flip it like a pancake. buccccooooccc!"
flip by watzy January 5, 2007
usually flip means Filippino or somebody from da Philippines but it can mean a lot of other things like fucking lil island person or fine lil island person. it can mean lots of shit like lots of other words. but usually it means Filippino.
god bless them flips, always getting taken advantage of by them honkies.
flip by wuddup January 17, 2004
Slang word for Combining LSD and Ecstasy. Also known as Candy Flipping.

Also known as the most beautiful experience in the world.
person one: *pulls out a sheet of acid*
person two: "dude i've got some triplestacks.. lets flip!"
Flip by acid dreams May 5, 2009