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1. Statement of dominance or victory.

2. In some cultures, it can also mean to praise the Lord.
1. Guy 1: "Hey I bet I can beat you in an race!"

(Guy 2 beats Guy 1)

Guy 2: "BAM BIP!"

2. "I was just healed from leprosy! BAM BIP!"
by Jossie Jorris October 31, 2011
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