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What does HP stand for?

HP stands for Hole Punch(er)

This definition appears very frequently

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Other Resources:
We have 78 other meanings of HP in our Acronym Attic

Samples in periodicals archive:

Make a single hole punch in each side of the circle shape.
Use a hole punch to punch four evenly spaced holes around the rims of two plastic cups.
Bin liner or foil wrapping paper; two thin bamboo canes or long bamboo skewers; ruler for measuring and then for the handle; acrylic paints and brushes or pens; scissors; string; sticky tape; Stanley knife; hole punch