The act of dipping your erect phallus into a condiment, presumably for your partner's pleasure. The partner will then feast upon the dipped phallus for erotic stimulation.
Woman: "Could I get a tip dip, dear?"
You: "Sure honey," *dips penis into jar of mayonnaise* " there you go. Just how you like it, enjoy!"
Woman: "Mmmmm, thank you so much dear! Everything tastes better with a little mayo!"
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