Green’s Dictionary of Slang

rip shit v.

also rip shit up
[SE rip + shit n.]

1. to have a party, to act energetically, to make a disturbance.

[US]Dr Dre ‘Deeez Nuuuts’ 🎵 Cause Dr. Drizzay’s about to rizzip shit up.

2. to excel, to do something really well or intensely.

[US]College Sl. Research Project (Cal. State Poly. Uni., Pomona) 🌐 Rip shit up (verb) To excel at something.

In phrases

rip shit and bust (v.)

(N.Z.) to make a big effort.

[NZ]McGill Dict. of Kiwi Sl. 93/1: rip shit and bust a big effort, often sporting; also rip split or bust; eg ‘Okay, team. If we’re to have any chance of pegging this game back in the second half, it’s got to be rip, shit and bust!’.
[NZ]McGill Reed Dict. of N.Z. Sl. [as cit. 1988].
rip shit out of (v.)

(orig. US) to assault physically.

Jerry ‘Spoken’ JVision.ca Journal 26 Jun. 🌐 When you’re used to not that many lessons and then all of a sudden you’re thrown back into the pool – you want to rip shit out of people, like guts and spleens and stuff. Sucks.