A fork of Rural Dictionary
Someone who freaks (flips) out and because of it loses all of their reputation and falls (dips) and is no longer popular. A group of people or a single person who are doing really well then they get struck with something bad and it ruins there life.
Oh my God Isaiah just became a FlipADipper after he tried to call the party hostess a slut. Jason is a FlipADipper after he announced that he was gay. Look at that group of FlipADippers over there, they had it all until they trashed the locker room and got suspended.