investments made in real estate with intention to 'flip' it for a profit but instead turns into a 'flop' with the crash in the real estate market.
I paid $100,000 for that house and put $25,000 into it thinking I could sell it for $150,000. Now it I can't sell it for $75,000. My 'flip' is now a 'flip flop'.
by smarsh February 20, 2009
A person who cannot decide what they want. They are always going back and forth between two options.
Hey man, you know that girl that I have been telling you about? She is totally a flip flop; she cannot decide if she wants to date men or women.
by hitchhikerthumb24 December 20, 2012
by DIESEL29 March 24, 2011
When a males (bro) shoes are so old and disgusting that they need to be thrown out, but since they have "wear and tare" style and they are so old that they have the imprint of your foot in them you keep them anyways. Mostly flip-flops (flops).
by PJMC November 23, 2010
a derivative of the "Alabama jackhammer"; a standing "69" in which the woman is upside-down performing fellatio. Once the man senses the nearing of the orgasm he performs an Alabama jackhammer like maneuver in which he belly-flops (still in the 69 position) onto the bed/floor/table, etc., and slams his penis into the back of the woman's throat releasing a heap of semen into the bronchial tubes or esophagus of the woman
"The other day I was 69in'... but standin' up...and when I thought I was gonna cum I pulled a Birmingham belly-flop on my lady and she went "GAH!" and I went "nnnguuuuuuuuuh!!!"
by Dirty Cral Sully October 09, 2008
My missus went to see a strip show last night. When I asked her how it was she said "There were plenty of soggy flip flops".
by ponytrice July 02, 2015
by Gotswag101 February 28, 2016