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Nip Shit are people from the Philippines. They are under Japanese people on the globe, thus being the shit of that country.
"Look at Manuel Nguyen that Nip Shit!"
by DoomDoomerson June 18, 2018
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Noun. A person or animal that doesn't mind their own business. Especially prevalent in pre-teen children. Has nothing to do with dipshit
Nipshit: "What is that, what is that, what is that"
Response: "It's a nipshit trap and you just got caught."

"That damn nipshit dog got into the thrash again"
by Easysleeper August 17, 2012
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