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The act of bending ones penis between the legs, inserting it into your own asshole, then bouncing up and down on a (preferably soft but firm) surface to repeatedly penetrate yourself.
"What did you get up to on Friday night?"
"You how it is, get a little tipsy, do a little bipsy"
Bipsy by BigBallsToYou August 31, 2023

skrunkly scribblydoinky bipsy tootsy badointy tiepnsy bip bop boppie goggiy dinty scruggly duggly big bampidointy dougly goopsie scaboinky pipupsy datootsit 

This phrase I believe is from a popular Twitter fic from @mangoball on Twitter that is known around the MCYT fandom/fanbase.

The Twitter fic was titled as “Cheater, Cheater” but is also often called as “Mangoball” for some reason. It is a Socmed fanfic AU featuring Dream, Georgenotfound, Sapnap, Wilbur Soot, Karl Jacobs, Quackity, Corpse Husband, Badboyhalo and more.

It has gathered a bunch of attention and support for it being funny and for the ridiculous events happening in the story.

A specific character in this said fanfic which is Georgenotfound always uses ridiculous nicknames for his boyfriend, Dream. And this phrase happens to be one of them. Despite it not meaning anything, people (and even I) found this bit funny.

Huge props to @mangoball for having such a creative mind with creating this amazing fanfic. Loads of people enjoyed it and remember that a huge part of the story is only fictional and for entertainment.
“Yes :( u are my skrunkly scribblydoinky bipsy tootsy badointy tiepnsy bip bop boppie goggiy dinty scruggly duggly big bampidointy dougly goopsie scaboinky pipupsy datootsit”
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.
I may have gone double bogey on that last hole, but at least I'm not BIPSIC
BIPSIC by dmnj October 2, 2010

Bipsybopsy 

Describes a very positive and uplifting experience.
Our visit to Nanny's house was spendidly bipsybopsy.
Bipsybopsy by TrishaE April 28, 2019
an Indian/fresh asian person saying 'fifty'
here is your bipty pence change
bipty by BigDosser326 March 2, 2020

wallet biopsy 

When a paramedic goes through ones wallet while they are in an ambulance. Usually the paramedic will take just insurance information.
The paramedic knew which hospital to bring me to by a wallet biopsy on me.
wallet biopsy by Matt Bauman September 22, 2006