I've never heard of a yipper-snapper, but I have heard of whippersnapper, which is "a young and inexperienced person considered to be presumptuous or overconfident."
Hope that helps!
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The expression is "whipper-snapper", and it's an expression used by older people to refer to younger people (usually in a slightly derogatory way).
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Yipper Snappers are delicious gourmet dog treats. My dogs love them!! Pick them up at yippersnappers.com
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Oh right and it's whipper snapper...not yipper haha.
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As others have said it is a young and experienced person. Generally used by somebody older to somewhat jokingly refer to a younger kid. Generally used between an older man and a younger boy (Like a grandfather to a grandson).
The closest Chinese equivalent would be something like "小伙子".