It means I know or I’m aware of something
Sarah: This strawberry wine is so delicious

Mark: I’m hip!
by Partygirl4life January 2, 2019
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I’m hip is a common way to say “I know”.

Mostly used across the eastern coast of the United States.
P1: Bruh Jessica talks so much shit
P2: I’m hip
by Eastc0ast March 17, 2020
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