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To fuck via skype.
In other words cybersex over a webcam medium.
Commonly used by slores and horny virgins.
Julia; Mike can you believe Meg walked in while we were fype-ing?
Mike; Yeah I know I didn't even get the chance to finish.
Julia; Is it weird that Meg wanted to join?
To fap on Skype, usually on both sides of the Skype call.
Hot girl: Haiii <3
Bro: Sup, let's fype
Hot girl: okkkkk, lemme go in my room
OR
Hot girl: Look at my new thonggg
Bro: Hot.
Bro: fype up
Hot girl: okkkkk, let me bring my laptop in the bathroom
the act of typing flusteringly while talking to someone who makes you crazy
i was talking with my girl and i was so flustered i was totally fyping
Particularly useful in forums where photos of beautiful girls (or guys, if that's your inclination) are posted for the admiration of others.
It is a combination of "fapping" and "typing".
"She's gorgeous! If I make any speling mistakes, it's coz I'm fyping like a rabbit!"
To type whilst masturbating (fap), usually resulting in an abundance of typos.
fap + type = fype
Passed tense: fyped
Present tense: fyping
Future tense: to fype
Person A) those beuwbs a re rlyg reat
Person B) Are you trying to fype?
Can't believe I got fyped. There's a very special level of hell reserved for these people who hype basic things up for nothing . And also an even more special level for those who follow and encourage those people.