We propose Coadjoint Orbit FLIP (CO-FLIP), a high order accurate, structure preserving fluid simulation method in the hybrid Eulerian-Lagrangian framework. We start with a Hamiltonian formulation of the incompressible Euler Equations, and then, using a local, explicit, and high order divergence free interpolation, construct a modified Hamiltonian system that governs our discrete Euler flow. The resulting discretization, when paired with a geometric time integration scheme, is energy and circulation preserving (formally the flow evolves on a coadjoint orbit) and is similar to the Fluid Implicit Particle (FLIP) method. CO-FLIP enjoys multiple additional properties including that the pressure projection is exact in the weak sense, and the particle-to-grid transfer is an exact inverse of the grid-to-particle interpolation. The method is demonstrated numerically with outstanding stability, energy, and Casimir preservation. We show that the method produces benchmarks and turbulent visual effects even at low grid resolutions.