one of filipino ancestry. can also stand for "fine looking island people/person."
dayum! did you SEE that flip!? she was fyyyyyyne!
by el em ay oh February 7, 2004
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The act of purchasing drugs (usually a larger quantity) and reselling the same amount for more money.
by DROC July 31, 2005
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To pimp out, change or improve on - as said by the mentally stagnant Tim Westwood on Pimp My Ride UK:
We pimped a granny's ride,
we flipped a granny's bus.
by markyspeaks March 16, 2007
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originally a deragatory termed used for filipinos by US soldiers. FLIP = fucking little island people.
if you were a true filipino, you won't kep referring to yourself as "flip". but instead, call yourselves pinoy/pinay or spell out filipino. be proud of your culture.

MABUHAY NG PILIPINAS!
by got_adobo? June 16, 2006
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A derrogatory term for filipinos, means Fucking Little Island People, as some soldiers would call filipinos during world war two. The teenager of our days now use it as a name for filipinos, which is not right at all since they should be educated on the roots of that word.
WW2 Soldier - These fucking flips better hurry up and make their own weapons because we aint helping them make it.
by Kristoffer Barizo March 13, 2006
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FLIP = Fucking Little Island People or Person.
FLIP : IS NOT short for filipino.
Flip is racial slur word invented by AMERICAN TROOPS stationed in the Philippines during the Philippine-American War.Some filipinos think "flip" is short for filipinos but they are ignorant to there past.
I hate these FLIPS!!!!
by baller23 September 10, 2005
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A derrogatory term meaning "fucking little island people", usually used to insult those of Filipino ancestry.
I hate that fucking, flip!
by jay pimpizzle June 8, 2005
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