Meaning

3 senses
  1. (UK, colloquial)Goodbye; cheerio, toodle-oo, toodle-pip (mostly used by the upper classes).

  2. (UK, colloquial)A general greeting (mostly used by the upper classes)..

    Pip-pip! What's going on here?

  3. (UK, colloquial)Used to create enthusiasm (mostly used by the upper classes).

    Pip-pip! Let's get out there and knock the stuffing out of 'em!

Origin

Possibly imitative, perhaps of a short, high sound made by a bicycle or car horn; see pip-

Possibly imitative, perhaps of a short, high sound made by a bicycle or car horn; see pip-pip-pip.

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pip-pip — meaning, examples, forms, synonyms | Krumeto