BIPPY - A jocular euphemism for ass, as in "bet your (sweet) bippy) by Rowan & Martin's Laugh-In, an NBC-TV comedy series. It was discussed, this reference tells us, in "Comments on Ety.", in Jan. 1982, but none of the discussion is included. From "Random House Historical Dictionary of American Slang, Volume 1, A-G" by J.E. Lighter, Random House, New York, 1994. (http://www.phrases.org.uk/bulletin_board/27/messages/1196.html)
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