What is Gypt?
1.
To be ripped off by an Egyptian in a business transaction. This a national pass time for many Egyptians with their prey being primarily western tourists. The practice has also been known to occur in other countries at the hands of Egyptian immigrants. Being 'gypt' is often preceded by being asked for 'baksheesh' (tip). If you're being asked for 'baksheesh' before a transaction has occurred you are most likely about to be 'gypt'.
"After dealing with that local tour operator I feel completely gypt"
"I think I paid too much for that shawarma, gypt again!"
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1.
The highest and most honoured social class. The noble overlords who protect the rich classes with through all means necessary, generally..