GYP GYP Share definition Flag The gypsies hanging around in Athens, Greece trying to scam you....usually albanians or romanians.. The Gyp Gyps stole my wallet while I was drinking my Frappe' GYP GYP by BillyGeee November 9, 2009 0 0 Get merch Get the GYP GYP mug. Buy Now — $32.95 See more merch