What It Scores
HIPS is a valid word in the tournament list this site uses. Tile values only, before any premium square: 9 in Scrabble, 10 in Words With Friends, 10 in Wordfeud. The letters break down as H4 I1 P3 S1.
Anagrams of HIPS (3)
Same letters, different order. Any of these plays the same tiles for the same score.
Words Made From The Letters In HIPS
12 shorter words come out of these tiles. On a board that matters more than the long play, because a short word on a premium square often beats a long one on plain squares.
3 letter words (7)
2 letter words (5)
Longer Words Containing HIPS
HIPS appears inside each of these, which is what makes it worth knowing as a hook.
Next: the Word Unscrambler for any letters at all. Full entry and definition at Merriam-Webster.