flip

If you flip something you make a profit out of it.Let's say you bought a 5-stick pack of gum for 25 cents and you sell every stick for 10 cents (giving you 50 cents) you just flipped the pack of gum.I heard there was a show where people flip houses. They buy some houses, fix them up then sell them for more than they paid.So I guess you could flip anything, but when I hear someone say they flipped something I'm usually thinking about narcotics.In the example, "pound" is probably a pound of chronic, cocaine, etc..



flip
Originally a racial slur directed at Filipinos created by American Soldiers during WWII meaning "fucking little island people." However, many Filipinos today have come to use the term when referring to the word Filipino. Also, a recent ad campaign for a company in the Philippines changed the meaning to "Fine Looking Island People"
Example:
WWII Soldier: Damn! Where are those FLIPS? They were supposed to reinforce us an hour ago.


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