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A phrase that is usally used in the act of excitement. There is no define meaning, just to be used in the spur of the moment. Often used by a group of drunk teenagers.
Rich and Justin were playin beer pong against Danny and Mike. After making in the last cup Justin shouts out "Kool-wHipp" with excitement that Danny and mike now have to funnel a beer each.
by Traver,Justin,Danny,Mike,KuFf September 26, 2008