A very intellectually crafted phrase which is a combination of the phrases "No cap," and "No kizzy," and basically means the same thing, just way more "hip" and "fire".
Person 1: Yo what up bro!
Person 2: Yo wassup man, I haven't seen you in a while.
Person 1: Well I just did some awesome scooter tricks, no kizzy cappa!
Person 2: Shut the fuck up you stupid bitch, where the fuck did you find that word? Some entry on Urban Dictionary made by a dumbass?
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