This describes the quality. 1080p is Full HD, and HDRip means the source was a high-definition digital stream (like from a mobile app or website) rather than a physical Blu-ray.
When you see filenames formatted this way, they usually come from "grey market" or pirated sites. Here are a few things to keep in mind: This describes the quality
The file container, which is common because it can hold high-quality video, multiple audio tracks, and subtitles in one file. Safety First: Why to Be Careful multiple audio tracks