stands for "Fuck That Im Pimpin" or "Fuck That Im Playin" and last but not least "Fuck That Im Pushin"
to be used in a response to something that has happend or something that has been said to express disgust.
"yo dawg that girls callin you again"
"man F-TIP"
in response to your car breakin down in the middle of the street:
"F-TIP"
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