A couple of meanings:
n. A vehicle, of any kind, can refer to cars, boats, motorcycles, etc
v. To drive a car, usually referring to driving fast
adj. A positive way to refer to something, usually followed by "ass"
"You wanna drive my whip to the beach?"
"Nah, I'm gonna whip my whip down to my dock and hop on that whip ass boat whip I just got"
"Damm thats a whip ass TV"
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