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To use the term clip and dip is the slang equivalent for hitting someone with your automobile and then removing oneself from the general vicinity as to avoid an unsavory run-in with an enforcer of the law.
"Yo, Matt! I'm totally goinna maim your Caddy when I clip and dip on a po' fool wandering his broke ass 'cross the road!"
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The act of getting your hair cut and leaving without paying
Person 1: Damn Michaels new haircut is fire
Person 2: Yeah I heard he clipped and dipped

Person 1: Really, he got away with a Clip and Dip
Person 2: Yeah

Person 1: Broke ass
by Alan_Akbar May 10, 2018
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