flip

Originally a racial slur directed at Filipinos created by American Soldiers during WWII meaning "fucking little island people." However, many Filipinos today have come to use the term when referring to the word Filipino. Also, a recent ad campaign for a company in the Philippines changed the meaning to "Fine Looking Island People"

WWII Soldier: Damn! Where are those FLIPS? They were supposed to reinforce us an hour ago.

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