Pip Pip Cheerio and all that sort of thing

Cafe Society
1

I was watching a rerun of the Facts of Life and Jo goes out with a rich guy and acts all poor and tacky in front of his rich parents, so to get back at her he dresses in morning clothes and acts all rich in front of Jo’s friends.

He says “Pip, Pip Cheerio and all that sort of thing.”

Now that is not the first time I have heard that phrase or something similar to feign richness or wealth, but what’s the origin of that phrase or a similar phrase

2

Most of that speaking style comes from the upper class british of the 1920’s. They were rich, they were young, and they were mobile.

And very few actually talked like that. It was an affectation in writing and later one movies, radio plays and that sort of thing that instantly allowed the veiwer/listener to immeadiately identify a stereotypical character. (The emtpy headed upper class snob).

Wooster and Jeeves, anyone, what?

FML