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Grip and Sip 

To hold a beverage and guzzle it all in a fashion of a thirsty person. The person in question may or may not be black. The drink may often be a large beverage such as a 2 liter soda and the person will literally grip the bottle because of it's heavy weight.
Friend 1: I like this 7 Up
Friend 2: Can I have some?
Friend 1: Sure!
Friend 2:*Drinks it all*
Friend 1: You did not just grip and sip my 7 up son.
Grip and Sip by Mr.Hobbes October 19, 2009

sip and grip 

An evolved version of a lunch and learn session which is held later in the day and involves alcohol.
The guys over at the dealership asked if they could do a lunch and learn at the firm. I told them that a sip and grip would be way more engaging.