The most common and most likely answer to this crossword clue is the 11 letter word PEAR-SHAPED
I've seen this crossword clue in Financial Times
P
E
A
R
-
S
H
A
P
E
D
More clues leading to the result PEAR-SHAPED
Buddy explains!
The straight part
We know that "hipp" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case hipp = pear-shaped.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does PEAR-SHAPED mean?
PEAR-SHAPED adjective- Having a shape or cross-section like the cross-section of a pear.