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A fipshit is someone who you can trust but is also a hide dick, usually named Ricky.
Wow, he such a fipshit for dumping his gf at prom
fipshit by RICKSHALLDIE July 5, 2017
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In other words, dipshit. But you say it to people are extraordinarily dumb.
Erin: *open her mouth and says dumbshit*

Smart person: Fipshit
Fipshit by Notmanny December 11, 2021