If you flip something you make a profit out of it.
Let's say you bought a 5-stick pack of gum for 25 cents and you sell every stick for 10 cents (giving you 50 cents) you just flipped the pack of gum.
I heard there was a show where people flip houses.
They buy some houses, fix them up then sell them for more than they paid.
So I guess you could flip anything, but when I hear someone say they flipped something I'm usually thinking about narcotics.
In the example, "pound" is probably a pound of chronic, cocaine, etc..
by JGuzmannn April 17, 2007
Available Domains :D
by mxjcmxjc July 10, 2008
by Light Joker September 19, 2004
by el em ay oh February 06, 2004
The act of purchasing drugs (usually a larger quantity) and reselling the same amount for more money.
by DROC July 31, 2005
To pimp out, change or improve on - as said by the mentally stagnant Tim Westwood on Pimp My Ride UK:
by barnabyfarran March 16, 2007
acronym that stands for "Fuck Love I'm Pimpin"; anyone who's not ready for love yet, through with love, or just wants to chill and have fun without getting to serious in relationships
by simona88 March 21, 2007