Pat Morita's stage name as a stand-up comedian.
The Hip Nip was the greatest comedian/kung fu master of all time
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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