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Predominantly used in the early 1980's, The Whip is anything that is fresh, far out, rockin, neat, cool, funky, awesome, great, etc. Can be used for many different things.
However, if something isn't cool, it's "like the whip" because nothing can be like the whip, either it is or it isn't.
Man, your new car is the whip!
Did you see her? She was the whip!
That pizza I just ate was the whip!
The whip by Joe April 29, 2004
An annoyingly popular dance move that involves a "complex" move of punching air.
Random kid: now watch me WHIP!!! (Does the whip)
Me: no you're not whipping anything your just punching the air
The Whip by Queen Chilebean August 15, 2015
adj. - uses modifier "the"

In general, the phrase is used to describe something - an object, person, event, experience - impressive in nature. Similar in expression to the term, "the bomb."
Dude, that movie was the whip.
the whip by O.P. December 9, 2008
A very white threat
Tylerino: *Does the Whip*

You: oodang we got a spicy boi over here now do we
The Whip by I am the Napkin April 15, 2019

The Whip Nasty! 

(adj) A term used to express extreme love for something or someone. Similar to The Freight!.
Jolene Blalock is The Whip Nasty!

Flying Pie Pizza is The Whip Nasty! That shit is good!