British informal Extract the maximum amount of money from someone.
- The owners of some 660 horses face a frustrating and expensive new year because Horse Racing Ireland is going to squeeze them until the pips squeak.
- So he and his coalition partners found that when they said, ‘We'll make the Hun pay ’, and the famous phrase, ‘We'll squeeze them until the pips squeak,’ that went over a lot better.
- And at the same time it would create a nice comfortable monopoly on waste disposal all the better for jacking up fees and squeezing rate payers till the pips squeak.
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