(slang) A flick-knife.
(now, _, historical) A fivepenny; a fivepenny bit.
Fipenny means: A fivepenny; a fivepenny bit.. The word is mostly archaic or historical; you will only encounter it in old texts, period drama, or school history rather than current teen conversation. There is no real cause for parental concern; it is descriptive vocabulary rather than risky behaviour. If your teen uses it, context will usually make the intent clear. A short, curious question about where they heard it is usually all that is needed to know whether to follow up.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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(US, obsolete) fippenny bit.
(British, informal, dated) fivepence.
A British informal contraction of 'fivepence' — the sum of five pennies. The clipped form follows a general pattern of colloquial British money talk (cf. 'tuppence' for twopence, 'tenpence'). Largely obsolete since decimalisation, but still encountered in older literature and occasionally in regional speech.
(obsolete, US, Pennsylvania region) The Spanish half real, or one sixteenth of a dollar.
fipenny means: A fivepenny; a fivepenny bit.. Register: neutral, standard English. A common learner mistake is using the word in a register it does not fit, or assuming a single global meaning; native speakers immediately notice when slang appears in formal contexts, so always check the surrounding register before producing it yourself. A formal-English equivalent (a synonym or descriptive phrase) is usually safer in writing. When in doubt, paraphrase rather than reuse the slang form.