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Tip Slip 

A male equivalent to a tit slip. A tip slip usually occurs when one male is in boxers and the tip slips out the flap.
He then placed a strategic tip slip in her field of vision that would lead to his inevitable sexual encounters. Another great moment in Hook-Up History.
Tip Slip by Hugh Janus69 April 24, 2011

Tip Slip 

When the tip of the phallus protrudes through a article of clothing worn in the leg region; When the tip of the penis sticks out of the band of male underwear when they have an erection. Popular examples coined by Daniel Avidan from the popular Youtube channel Game Grumps.
Part 4 of the Bloodborn Walkthrough on Game Grumps (Death Barf) Danny- "My friends and I created a new um, a new ah, term for when you get a boner; but like the top of it comes out of the waistband of your underwear. It's a Tip Slip. (Arin laughs hysterically afterwards)

"Hey man, John just gave a major tip slip in Gym today!"

Tip Slip 

When a males penis can be seen hanging out of shorts.
"Hey look at that dude in the shorts! I see a tip slip!"
Tip Slip by Kbird March 1, 2009

slip the tip 

When the tip of the penis "accidentally" slips into another persons orifice.
Girl 1: How was your date with Peter last night?
Girl 2: It was all fun and games until did slip the tip. Then things went south from there.
slip the tip by Sasquatch6666 January 24, 2015

Tip Slip 

when the tip of a penis slip out of the bottom or the hole on your underwear
while peter was walking around the house he had a tip slip in front of his roommate
Tip Slip by Big Daddy J May 6, 2014
Word of the Day on May 7, 2014

Tip slip 

When the tip of your penis slips out the bottom of your shorts.
Alan had a tip slip because his shorts were too high and tight.
Tip slip by meat lover May 31, 2014