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1.
1) In the book Be More Chill by Ned Vizzini, a "squip" is a tiny microcomputer that is ingested in pill form and travels to your brain, where it gives you instructions on how to be cool and/or popular. No such techonology yet exists (stuff somewhat similar in concept to this is being developed, though).
The squip is deactivated/destroyed by drinking Mountain Dew Code Red, the short-lived, highly caffenated Mountain Dew spinoff.

2)Originally, this idea was part of Ned Vizzini's largely sucessful (in some places, anyway), campaign to draw attention to his book, Be More Chill.
The campaign was based around the use of stickers that said "SQUIP? Google it.", which fans were encouraged to get for free off of his website and stick wherever they could.
As a result, many people did Google squip, and in the process stumble upon the book.
1) Some people really do wish they could have a squip.
2) "SQUIP? Google it."
door killerfiller 23 februari 2006
 
2.
a minicomputer in a pill form, that, when digested, talks to you and instructs you on how to be cool
a)the first thing my squip did was get me a girl
b) the squip turns you into a dick, or so "To Be More Chill" claims
door jeremy heere 15 april 2004
 
3.
A micro-computer you swallow and it makes you cool.
Buy your squip and be cool.
door John V. 29 mei 2004
 
4.
The art of having no discernible courage.
Pete was such a God damn squip on that slalom today
door jenno 22 juli 2012
 
5.
A consideration to either skip or quit something, normally only an aforethought to an action not followed through.
I almost squipped Con Law today.

I want to squip law school so badly.
door LawGirlU2013 24 januari 2011
 
6.
A young boy, aged about 8-14. A derogatory term for a young boy whose demeanor tends towards those who are pushed around.
STFU, Squip. You suck at this game!
door x_401_err0r_x 8 juni 2013
 
7.
Means to whip or murk.

Look up squipper
Yo i will SQUIP you!
door Squipper 20 maart 2004