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1.
Mock-pompous English greeting which conveys jocular familiarity on the recipient. Sometimes used in conjunction with "What ho!" and "Old bean" for maximum effect. Derived from PG Wodehouse's Jeeves and Wooster.
Edmund: All right, where is the malingering git?
George: Hello, Cap! Pip pip, Balders! Here I lie.
door weaselnorris 9 mei 2004
 
2.
Colloquial English phrase for goodbye
A: We'll be in touch. i'm just about to watch a recording of Arsenal smashing the shit out of wigan

B: Enjoy! Pip pip!
door divine horsemen 23 januari 2011
 
3.
Another word for vagina
My poor pippip, its my time of the month
door GusREPRESENT 22 september 2010