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 whiteshell-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.