Derpe is a slang belonging to the Šatrovački jargon, spoken in the Balkans, and which consists, among many other ways, in altering the order of the syllables as occurs with the French jargon the Verlan. So this slang has its origin in the word peder, which means pederast and that we could translate into English as a faggot.

Variation: Pepedeper.

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