Adjective used to describe something small. It is mainly used to describe something to be small and cute, in adoration toward people you cherish, but it can also be derogatory, if used to describe others, who are not your friends.
Where there seems to be an emotional connection or sexual tension between two characters from fiction, as if they could be in a relationship. Shippy scenes can inspire shipping.
That hug was so shippy... Ash and Misty are made for each other...
J: Our fearless leader was at happy hour again last night telling everyone on the team what to do, and drooling over every waitress in shortorange shorts and big boobs.
T: He is such a shrimpy. He still doesn't realize that he is Big Al's bitch.