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Common phrase used in the underbelly of society amongst the criminal fraternity for making a healthy profit by selling on assets, more often than not illegal substances.
E.g. 'I got an Oz for 7 Quid and flipped it for 20 quid overnight' 1 Quid = £100
Doing something contradictory to previous statements or actions
"She said she misses me but posting post pictures on the flip"
When you have an unexpected boner and you want to hide it so you flip your dick upwards and have you pants waist strap hold your penis down so it is not noticed.
"I got a boner in history and had to do the flip so no one would notice."
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In the sense related to Filipinos, flip can be an acronym and a word.
acronym flip: "fucking little island person" used by U.S. troops long ago during times of war
word flip: short for Filipino used by ignorant Filipinos and others
Even though the acronym for flip can be changed to flatering, kinder things; flip should not be used by anyone who actually respects filipinos. Instead of using the word flip, use words like pinoy(pinoy for girls), and filipino(filipina for girls).
"Those flips will be the first to die in this war."
flip2499:dude im a flip, its in my name
pinoyisbettadenu:kid do you know what flip means?
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1.) a sexy island person
2.) short for flipino
3.) BALLERS
1.) damnn look at that fine flip
2.) wassup my flip homie
3.) look at that flip's mad handles
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Can also be defined a slide or a freak booty....
Yo shorty is a flip. A yo i spoke to shorty, and she gonna let us flip her
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