To be swindled or cheated.
Used primarily in urban or inner city neighborhoods since at least the 1970's
No racial connotations were associated with usage.
"I just bought some black and white shell-toe Addidas for $100"
"What? I only paid $50 for mine, Yo! you got GYP'T.
An Egyptian individual who does not have access to the Internet; an Egyptian individual who has been deprived of their access to the Internet and/or rights to share information freely online.
Person 1: Have you been following the revolution in Egypt?
Person 2: Yes, Hosni Mubarak shut down the entire country's Internet. What a bitter dictator!
Person 1: I guess now they're just Gyptians.