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An exclamation of celebration extending to an "in your face" style of abuse. Especially used in the throws of victory.
In a race to breakfast one morning Max beat his roommates for the first time by attending wearing just his jock strap: "Flippin' what! Flippin' what!" Max shouted in the faces of his companions (who were mostly girls).
by GOATBOI November 07, 2005
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