The term "gypsi" commonly refers to members of the Romani people, an ethnic group that originated in northern India and migrated to Europe around a thousand years ago. The Romani have a rich and diverse culture, language, and history, and they've traditionally led semi-nomadic lifestyles, although today they live settled lives in many parts of the world. Romani communities can be found throughout Europe, the Middle East, the Americas, and beyond.

"Gypsi" has also been used to describe people who lead a traveling or unconventional lifestyle, but this use is less accurate and can perpetuate stereotypes. Additionally, the term "gypsi" is considered outdated and offensive by some, as it has been historically associated with discrimination and stereotypes. Many prefer the term "Romani" or "Roma" to describe the ethnic group, and using these terms reflects more respect for their identity and history.