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Pretty Much another word for douchebag, but also with the connotation of a faggot. typically a younger male who is easily bossed around and carries himself in a faggy way. originates from the bags you get with your fun dip, the bag symbolysing something that you use and take things from, much like the person you are bossing around. possibly interchangeable with bitch.
he's my dipbag

what a dipbag
by mkeezy yo January 16, 2007
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