Derived from ESP (extra sensory perceptions); the state of giving or receiving said perceptions simultaneously (i.e. having the same thoughts, saying the same things, doing the same things as another person at exactly the same time).
Credited to SAN, 2004
"Are you espishing what I'm espishing?" (translation: are you thinking of doing what I'm thinking of doing?)
"Is that girl wearing a skirt with her belt or a belt with her skirt?"
"Espish!"
Outrageously cool, especially in regards to latin culture, but can be used for anything cool, similar to Wicked Sick and can be used in conjunction for added effect as in the example.