This word can mean a lot of things. One definition for bipped is when you're sold fake or bad
drugs. If you're a crackhead, and you pay ten dollars for a
rock, but it turns out to be walnut
meat cut up to look like crack, then you got bipped.
"Say, homey, did you
get our crack?"
"
Yeah, but when I put it in the
pipe, it just burned up. I think we got bipped."