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It means blood in peace. When a blood dies you say , b.i.p. if they wish to stay a blood thru death .
b.i.p. Terrel 💯♦
b.i.p. by Jerome Stakkin Up November 22, 2018
Used in the same context as R.I.P means Ball in Paradise
B.I.P GBE Capo
B.I.P by suacyguapboy July 7, 2016
Bored In Peace
The later years towards the end of your life.

When you don't want to do anything and happy about it.

Im not going out, man im bip
An old person in a nursing home being more than happy not nothing at all.

A retired person who has nothing but free time on their hands to do anything (or nothing) they want.

Im so bip im just going to stay in tonight
b.i.p
b.i.p by focfiz June 21, 2010
tom: Wtf is with your page?
james: Man! B.H.I.P
B.H.I.P by kla123 May 16, 2009

B.I.C.P.R.N.I.A.A.T.N.I.Y.G. 

Bro I can't play right now I am about nut in your girlfriend!
James: Wanna play Fortnite soon, Steve?

Me: B.I.C.P.R.N.I.A.A.T.N.I.Y.G.

James: TF?

Me: You really don't know what that means?

James: Who TF would?

Me: Literally everyone that keeps up with memes.

James: Fine what does it mean them?

Me: Bro I can't play right now I am about to nut in your girlfriend.

James: Oh, that makes sense. Wait hold up, your about to what now!

Me: Crap, gotta go I am about to nut, ttyl!
Means Big In The Pants. Someone who has a big shwanker and ain't afraid to prove it!
Joey: Did you really just do that?
Adam: Yeah because im B I T P BITCH!
Joey: Ohhhh SNAP!
B I T P by iplaydrums August 20, 2007