Gyp/dʒɪp/ Definition 1 of 2Pro Tip 1/3Colloquial Term Use 'gyp' mainly in casual conversation or informal writing, not in formal settings. I can't believe it, they totally gypped me! Pro Tip 2/3Potential Insensitivity Be aware 'gyp' can be insensitive because it relates to a stereotype about the Romani people. Some people might be offended if you use the term 'gyp'. Pro Tip 3/3Connotation of Deceit Has a negative connotation implying deception, often in small transactions or bargains. This offer has no real value; they're trying to gyp us.