To be used in place of 'well', when one feels there is no more to say. This word was originally brought to the peoples' attention in 1994, from Jim Carrey in the cult classic, Dumb & Dumber.
This is simply one of the many words and phrases that continue to be used in teen conversation today.
Initial use of/birth of the word: "Hey fellas. Big Gulps, huh? Welp, see ya later!"

Other examples:
"'Eyy, Jim! I just finished the job on that engine repair, so, feel free to take the credit for it as usual! Welp, That's my queue to leave, so, I suppose I'll see your rotten self tomorrow! Later!"
מאת Avid watcher. 6 בפברואר, 2008
An interjection used when discussing an unfortunate circumstance without expressing anger. "Welp" is often used when exaggerating or seeking pity, sarcastically, or in attempts to conceal frustration. The 'P' sound at the end is usually muted, and simply serves as a consonant sound added onto the commonly known word "well."
Welp, I lost my job, I have a horrible credit score, my spouse wants a divorce, and my insurance company dropped me. I'll just have to go live on the streets, NBD.
מאת nooworriez 3 ביולי, 2011
It's a resigned declaration of existential helplessness. A recognition, if you will, of your insignificance in the face of destiny's vicissitudes. "Wel'p" is the apotheosis of the attitude Tilders (natives of thetldr.com) have been taking toward life since early adolescence, the quintessence of the emotion that's bound all neckbeards together through the ages. It is our curse, our blessing, our agony, and our ecstasy. It is wel'p, and it is what allows us to exalt paradoxically in the depths of our shared despair.
Worst pain I've felt since I had my ingrown toe nail removed a year ago.

Seems like I go to the dentist at least once a month, now. That's the only time I get out, anymore. To shuttle my brother to and from his various social functions or to go get my mouth raped.

Mouth is still numb can't eat all day.

Wel'p.
מאת ValerieFio 20 בספטמבר, 2009
a word used to sum up a general feeling at the end of an interaction, used in the place of well but with a greater sense of climax.
"Welp Alayna! I sure do miss you."
מאת Trillium Trydan True 10 באוגוסט, 2009
1.To be used in place of 'well', when one feels there is no more to say. This word was originally brought to the peoples' attention in 1994, from Jim Carrey in the cult classic, Dumb & Dumber. This is simply one of the many words and phrases that continue to be used in teen conversation today.
2. another word for oh well
1.'Eyy, Jim! I just finished the job on that engine repair, so, feel free to take the credit for it as usual! Welp, That's my queue to leave, so, I suppose I'll see your rotten self tomorrow! Later!
מאת unidentifiedlove 15 ביולי, 2010
something awkward, whether it be a situation or used to describe a state of awkward being where one just doesn't know what else to say.
"that situation today where john was making that black joke and tyrese walked in was pretty welpy."

"'i was sexually abused.'
'welp.'"

מאת sarah krieger 24 ביולי, 2008
An American southern vernacular interjection, one word greeting, or closing statement, posed as a question, using the word well, with a drawl akin to the words yep or yup. (pre1940)
a) Welp?

b) Welp... Ahm a'headin home now.
מאת dsrtknls 14 ביוני, 2011

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