The work shows various members of what Krøyer referred to as the "guild" of Skagen Painters: a group of Danish, Norwegian and Swedish artists who formed a loose community in Skagen at the northern tip of Jutland in the 1880s and early 1890s. Hip, Hip, Hurrah! is typical of the work produced by the Skagen Painters; very much in the style of the French Impressionists and Naturalists, it celebrates the play of light in the scene, but at the same time it harks back to the freundschaftbild tradition of artists of the Danish Golden Age such as Ditlev Blunck and Wilhelm Bendz in depicting artistic communities spontaneously drawing together. The development of Krøyer's Skagen style can be seen by comparing Hip, Hip, Hurrah! with :File:Ved Frokosten Krøyer 1883.jpg|Ved frokosten, a similarly themed 1883 painting which features many of the same people; and with later works like :File:P S Krøyer 1899 - Sommeraften ved Skagens strand. Kunstneren og hans hustru.jpg|Sommeraften ved Skagens strand. Kunstneren og hans hustru and Roser. The painting was started in 1884 after a party at Michael Ancher's house; the composition was inspired by photographs taken at the celebration by the German artistFritz Stoltenberg, although the individuals featured are not all the same. Krøyer returned uninvited to Ancher's house the morning after the gathering with his easel and paints, eager to start sketching and expecting the freedom to come and go as he pleased. His lack of consideration annoyed Ancher, who had only recently moved to the house in an attempt to escape the hustle and bustle of town life; as a result, the two artists suffered their first serious falling-out. Although they reconciled soon afterwards, Krøyer did not get the unlimited access to Ancher's garden that he had expected and, frustrated, he struggled to progress with the work. He made do with the garden at Ancher's old apartment and worked from photographs and from life when he got the chance. It was four years before he could complete the picture. Helga, Ancher's daughter, who had been less than a year old at the time of the original festivities, is shown to be older in the final painting, suggesting she was not included until later in the composition. A :File:Studio of Peder Severin Krøyer.jpg|photo of the painting in Krøyer's studio shows an earlier composition before the older Helga was added. Swedish art collectorPontus Fürstenberg bought the painting unseen. It was displayed at Charlottenborg in 1888, and Fürstenberg later donated it to the Gothenburg Museum of Art, where it has hung ever since. The Skagens Museum has a small sketch from 1888. From left to right the people pictured are: Martha Møller Johansen and her husband, the painter Viggo Johansen, Norwegian painter Christian Krohg, Krøyer, Degn Brøndum, Michael Ancher, Swedish painter Oscar Björck, Danish painter Thorvald Niss, teacher Helene Christensen, Danish painter Anna Ancher and her daughter Helga Ancher.
The painting has been the subject of a project funded by the European Regional Development Fund which led to a three-dimensional digital version of the painting being available for visitors to Skagens Museum next to the site where it was originally painted.
