How Well Do You Know English Slang?
"excessive or misleading publicity or advertising," 1967, American English (the verb is attested from 1937), probably in part a back-formation of hyperbole, but also from underworld slang sense "swindle by overcharging or short-changing" (1926), a back-formation of hyper "short-change con man" (1914), from prefix hyper- meaning "over, to excess." Also possibly influenced by drug addicts' slang hype, 1913 shortening of hypodermic needle. Related: Hyped; hyping. In early 18c., hyp "morbid depression of the spirits" was colloquial for hypochondria (usually as the hyp or the hyps).
[fr hypodermic referring to a needle or an injection]
: without any advance PR hypeverb
[origin unknown; perhaps related to hyper, ''hustle,'' of obscure origin, found from the mid-1800s; recent advertising and public relations senses probably influenced by hype1 as suggesting supernormal energy, excitement, etc, and by hyper2 and hyperbole; verb sense 3 supported by a 1914 glossary: ''Hyper, current among money-changers. A flim-flammer'']