Wiktionary
n. (context poker slang English) A pair of aces as a starting hand in Texas hold 'em
Usage examples of "two pips".
He had the red and white shoulder flashes of the TRI, and the two pips of a subedar or first lieutenant.
A pair of state-of-the-art bicycles with helmets hanging from the handlebars were parked in front of Two Pips.
Down the staircase came an officer in the natty black uniform and beret of the German panzer formations: a colonel, by the two pips on each braided shoulder strap.
Facing me were the five officers who sat in judgement, the President, a Guards Officer with the crown and two pips of a colonel, in the centre.
He stopped before putting the tunic on and pinned the two pips of a lieutenant to the lapel.
Of the four remaining men, two wore uniforms that could have been developments of the late twentieth century: the cloth was a light-yellow texture, and both men had two pips on their shoulders.
His Service greatcoat hung there, the two pips a reminder of the incongruity of his age and rank.
There were blokes with one and two pips on their shoulders who'd arrived just in time to go into the bag and who didn't know their arse from their elbow when it come to being an officer responsible for leading men.