When one inserts one's peen into another person's ear, wiggles it around and pulls it out covered in wax. It is then customary for the dip-ee to lick the wax from the tip.
I did a honey dip on this girl last night, I made her lick the wax right off!
Bruce - Yo, you Want a Blumpkin Pie?
Kyle - Only if its a Blumpkin Pie two tower of dipping doom.
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Dip Shank is an insult used mostly by elementary school students it basically means "Little pile of shit".
Shh you dip shank
The act of dipping to take the check as the roomservice waiter comes in to set up your meal so he can get the hell out of your room as soon as possible.
I was watching a movie on spankervision when roomservice knocked on my door. I opened and performed a "Roomservice Dip" as the guy walked by so by the time he set up the tray the check was signed and I shoved him out the door.