Isiah Moses Walter "I. M." Hipp (born February 15, 1956) is a former American football player who played running back in college for the Nebraska Cornhuskers and one season in the NFL for the Oakland Raiders.
Hipp joined the Cornhuskers as a walk-on from Chapin, South Carolina. When he finished career at Nebraska he was the team's all-time leader in rushing yards at 3,040.
Hipp was drafted in the fourth round in the 1980 NFL Draft as the 104th overall pick. He was released by the Falcons, but was signed in October 1980 by the Oakland Raiders. He played one game in the NFL.