A term used to describe a magnificent hairstyle that can only be obtained by people of African American (or any other nappy headed) decent after receiving a straightening perm. This hairstyle must be at least shoulder-length and is preferably parted in the center. This style is not easy to maintain and is often times seen matched with a beanie. This hairstyle's name derives from the essence of the style, the "flipped out" look of the hair's ends. The "flipped out" tips are very crucial; if they're not flared out, you DO NOT have a "flippy". Many try to replicate this look, but only few master it. If you don't possess SWAG, don't even try, bitch.
I know this kid with some sexy hair, we call him Flippy.