A revamp of the word phat carrying the same definition (see also cool, rad, and dope) without using a lame word such as phat in front of other people.
Billy jumped off the building and broke both of his legs at the shin. Billy's screams of pain were blanketed by his friend, Tommy's overwhelmingly excited cheer, "LIPID!"
by kevin.t August 23, 2005
Get the lipidmug. by AnnoymousDuck_ June 3, 2019
Get the Lipidsmug. by s2k06 March 8, 2011
Get the Lipidsmug. by KKnBB February 28, 2011
Get the lipidsmug. by The Pope of Sal December 30, 2018
Get the Lipidmug. 
by John November 23, 2004
Get the Lipidsmug.