Weekly celebration of Tuesday where everyone gets stupid drunk and does things they regret, mainly due to Tuesday being the shittiest day of the college week. So get crunk.
Last Tipsy Tuesday Ern and Liz were alcoholics and drank all by themselves followed by an emo fest.
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Tipsy Tuesday is a sexual activity for when you get tipsy on a Tuesday. TT for short; either meaning Titties or Toes. You then use either during sex.
Person 1: "Yeah, me and my girl did a Tipsy Tuesday."
Person 2: "What with?"
Person 1: "You don't wanna know."