Hipecat is a plant whose root has many uses, such as in medicines, defractive optics, and beauty supplies. One example is cream of hipecat, a cosmetic product used to smooth skin wrinkles.

While in Dominion captivity in 2374, Ishka described to her Vorta captor Yelgrun the benefits of a diversified investment portfolio, having herself recently invested in 7,500 lots of hipecat futures. Yelgrun expressed interest, but also reminded her that he would be forced to kill her if her son Quark failed to arrive with Keevan as they had agreed. (DS9: "The Magnificent Ferengi")