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An amalgamation of 'gimp' and the rap label 'dipset'. Formed to create a usable cuss that can be implemented in many situations. Rap or non-rap related.

Can also be used in everyday situations as a sign off approval. Sometimes used in conjunction with Santana.
Guy 1: Check out my rims man.. my rimzzzzz !! Dey ballinn. DEY CHROMEEE.. well dey spray painted with my mums nail polish. ICY
Guy 2: Shut up Gimpset

Guy 1: Lets BOOOUNCE
Guy 2: SHAW GIMPSET SANTANA
by James Robert Peterson May 22, 2008
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