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You Can Bet Your Bippy on That
The expression became popular in the late sixties when characters used it on a show called laugh in. Similar to the expression you can bet your ass, this expression has the same meaning. They were just trying to get around censorship. So I don't think it's racist. Sure. What a relief. Hey, you never know. It was on laughing. Which what's her name isn't going to be? Never mind. The only thing we're talking about now is the planes. That's how it starts. Of course they do. But do they talk about the planes? of course they do! "I'm on. There's not really much to say"