(n): a phrase used in situations that are simultaneously awkward, foolish and annoying. It is also used when in close proximity or as an acknowledgement to a person possesing such characteristics.
Person A: "That gentleman in the diver costume seems to be impressing the women again with his exploits underwater."
Longer version of the latin abbreviation "R.I.P", which means "Rest in peace". (Latin: Requiescat in pace)
Often used in video-games wishing eternal rest and peace to someone who has died in-game, especially in games where death is a very dramatic moment.
Often seen with multiple "e" to emphasize the tragic moment.