regional slang for something that is cheap. Also used as a sign of something being no good, or rubbish. Or another use is to say it as a sign of congratulations!
Person 1 - "You would never guess what happened the other day! I got mugged!"
Person 2 - "Now thats Choyp!"
Person 2 - "Now thats Choyp!"
by Dirty and divy dave! September 09, 2006