What is Zip It Up And Zip It Out?
1.
A saying used to say goodbye to what is usually a caucasian business man with no knowledge of slang in order to confound and embarrass them.
George: "So that'll close off the deal? Great. You have a good weekend Dave."
Dave: "Aight man, zip it up and zip it out!"
George: "Uhh...zippity doo dah! bye bye!"