VTP means "very tiny penis", and is often reffered to when talking about asian men, or people you think may have a small penis. They are often described to as "microscopic" or "like whisps of dust". You don't want to be a vtp, but rather a "BTVTP" or "Bigger than a Very Tiny Penis".
Girl 1: He had a small penis. It was almost microscopic, like a wisp of dust!
Girl 2: He is such a vtp.
More Examples:
And asian. A man with a small penis. A woman. A lifeless person. Did I say an asian? Not a black person.
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