It is a common nickname given to a beloved friend which literally means, In "Dutch" - a Sperm Rapist.
"Hey Merps.. MY little merpy werpy woo, you gone done poo poos in your pants again? Thats no good. You know I will always love you."
or
"Hey I am going to call you merps from now on because of that filthy act you did the other night!"
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Anal sex with someone from behind whilst you place your hands around their throat and strangle them.
Jacob : Hey man, Im so going to 9th base with you tonight is that cool?
Dan Mcgree : Hell yes its cool, I want it badly I hope your ok with it though..
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