to toss or put in motion with a sudden impulse, as with a snap of a finger and thumb, esp. so as to cause to turn over in the air: to flip a coin.
2.
to move (something) suddenly or jerkily.
3.
to turn over, esp. with a short rapid gesture: to flip pancakes with a spatula.
4.
Slang. to make (someone) insane, irrational, angry, or highly excited (usually fol. by out).
5.
Finance. to resell, esp. quickly, or to refinance, as a mortgage loan.
–verb (used without object)
6.
to make a flicking movement; strike at something smartly or sharply; snap.
7.
to move oneself with or as if with flippers: The seals flipped along the beach.
8.
to move with a jerk or jerks.
9.
to turn over or perform a somersault in the air.
10.
Slang.
a.
to react to something in an excited, astonished, or delighted manner: He really flipped over his new girlfriend.
b.
to become insane, irrational, angry, or highly excited (often fol. by out).
–noun
11.
an instance of flipping; a smart tap or strike.
12.
a sudden jerk.
13.
a somersault, esp. one performed in the air: a back flip off the diving board.
14.
Cards. a variety of seven-card stud in which each player receives the first four cards facedown and selects two of them to expose before receiving the next card.
[flip] 
verb, flipped, flip⋅ping, noun 