"thing of little value," 1815, earlier "inferior or worn-out horse" (1778), perhaps altered from slang rep (1747) "man of loose character," which is itself perhaps short for reprobate (q.v.).
n. a drinking bout. (See also tear.) : Fred had another rip last night. He's rotten now.
n. the loot from a rip-off. : Give him some of the rip and tell him to beat it.
n. a theft; a rip-off. : The crooks pulled a rip on Fourth Street last night.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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