As an adjective meaning "fashionable" or "trendy":
* That vintage record player is super hip right now.
* She's known for her hip sense of style.
* The new restaurant is serving hip fusion dishes.
As an adjective meaning "aware of current trends":
* He's a hip music producer who always knows what's next.
* The students are very hip to the latest technology.
* My aunt is surprisingly hip for her age.
As a noun referring to the part of the body:
* I injured my hip playing soccer.
* She's got a natural sway in her hips.
* The doctor recommended physical therapy for her hip replacement.
As a verb meaning "to swing one's hips in a rhythmic way":
* The dancers hipped to the beat of the music.
* She hipped her way across the dance floor.
As an informal slang term meaning "to inform" or "to tell":
* He hipped me to a secret spot for amazing tacos.
* Let me hip you to the latest news.
The meaning of "hip" will depend on the context of the sentence.