nip/hip

a dress, short in nature, which only covers from a woman's nipples, to the area around her hips, which mostly exposes her breasts and as well as the vaginal area during its wear, it is a legit dress (noun)

Bill: Why aren't you dancing with girl wearing that nip/hip over there?

James: Bro, can't you see? She definitely has STDs down there, I can see her entire vagina