Green’s Dictionary of Slang

lip fart n.

(US teen) a farting noise made with the lips.

Farrell ‘Can All This Grandeur Perish’ in Short Stories (1937) 207: The kid turned Reilly’s hat around backward, gave him a lip-fart, and walked away.
Howe Valley of Fire 135: Someone made a lip-fart [HDAS].
J. Charyn Seventh Babe 208: Billy, did you tell him no more lip farts? [HDAS].
P. Makuck Breaking and Entering: Stories 131: She turned and did a lip-fart, adding, ‘No way.’.