YIPS ARE THE OUL' HOOTELAWNS, THE RAVE-A-TRONS, BANGERS.
NEVER HEARD IT USED AS A DESCRIPTION FOR BOTTLING OUT AND LOSING IT. I'D CALL THAT 'SUCKING ASS' OR 'CRASHING BACK DOWN TO EARTH'. BOTH OF WHICH HAPPEN AFTER YOU'VE TAKEN A HEAP OF YIPS.
ALLAHQUAANNNDO!!!
IF ONLY DAVE TV WAS REALLY DAVE TV.
Well I'm glad someone round here knows what's up.