fip

plural fips

1. USobsoletefippenny bit

plural FIPs

1. abbreviationacronymcountablederogatoryMichigan; Northwest Indiana; Michigan; Northwest IndianaAcronym of fucking Illinois people, chiefly used by year-round inhabitants of tourist towns: a tourist (especially when wealthy) to southwestern Michigan or northwestern Indiana lakeshore towns from the Chicago area.

   "They're FIPs," he said. "They hold their noses up in the air."

   1992, Peter Kendall, “Michigan Residents Resist Letting Their Beach Towns Become Illinois”, in Chicago Tribune

   1 more example

   Some local teens have taken to calling the weekend tourists FIPs--short for "Fucking Illinois People." One can even buy a FIP T-shirt in, of all places, a New Buffalo clothing store owned by radio comedian Steve Dahl.

   1988, Hank De Zutter, Pamela Little De Zutter, “Invasion of the FIPs: boom time in southwestern Michigan”, in Chicago Reader

2. abbreviationacronymuncountablebiologyAcronym of feline infectious peritonitis.