pp-nips Share definition Flag A penis and a nipple hence "pp" and "nips" using childish phrases its a word that can be said when there is nothing to talk about you simply say, "Pp-Nips!" Ning: I'm bored. Farrell (responding after minutes of dead silence): Pp-Nips! pp-nips by Sam Chu February 25, 2004 0 0 Get merch Get the pp-nips mug. Buy Now — $32.95 See more merch