Apparently the monosyllabic "veep" is a way to quickly utter "vice president" for people too bogged down by the pressures of modern civilization to pronounce actual words. Whatever. I'm fine with people abbreviating words in informal writing--it does take a while to write out "vice president." I don't see a point in abbreviating spoken words--how much time and effort is really being saved in minimizing a few mouth motions at the expense of clarity? But I won't waste valuable finger taps ranting about that either.
Here's what blows my mind: the headline banners running across CNN this morning kept using the word "VEEP." Which clearly requires more effort than typing "VP." Even "V.P." would take just as much time. But CNN instead opted to be less efficient AND less coherent all at once! Just like a news outlet should be! I love the goddamn media!