Green’s Dictionary of Slang

1. a person who has (supposedly) masturbated themselves into physical and mental decline.

1974		D. Waugh Master White Glass 23: I was a flip-wreck. Every time the air radio siren went I jerked myself off to the shelter [DAUS].
1985		B. Arndt Aus. Way Sex 12: One can be called a ‘Flip-wreck’ if one is an overenthusiastic onanist [DAUS].
2000–02		Macquarie Dict. 🌐 flipwreck noun a male who masturbates very often.

2. a fool, an idiot.

c.2003

Alex PummaTheGnome 🌐 Favorite-Insults: Flipwreck / breadfruit swapper / double bag and stumper.