An acronym for "Ball In Pocket Sitting In Cart"

Used in golf to denote the individual who, upon hitting a bad shot, puts it in his pocket and goes and sits in his cart thereby finding himself bipsic. He did this instead of finishing the hole.

You do not want to be Bipsic.

Adj. Something that is expected to have a long lifespan by virtue of having existed for a long time, based on the lindy effect, named for the New York restaurant Lindy's, coined by Albert Goldman and popularized by Nassim Taleb.