A phrase used mostly by red necks and hillbillies when surprised or after learning, realizing, or discovering something they didnt expect, good or bad. "Ill be dipped" is usually said at the time of the discovery and explained to his redneck buddy's shortly after.
Carl: ill be dipped
Stan: what?
Carl: I just found my ole tackle box
Stan: well ill be dipped! let's go fishing
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