A term of great excitement or happiness. If something good goes your way, it is very chip. If something negative happens it lacks chip.
Robb: "Dude I so pwned that nub!"
Brian: "OMG that is so chip!"

Brian: "Dude I just won the lottery!"
Robb: "CHIP!"

Brian: "yeah, Yeah, YEAH!...."
Robb: "uh, chip!?"
Brian: "Hell ya boyeee!"
Beküldő: SpikeisGrand 2007. december 5.
If something is chips, it's okay, if something isn't chips, it's not okay. That's that.
Timmy: "OWW THAT CHICK JUST PINCHED MY BALLS!"
Me: "That's just not chips, mate."
Beküldő: "P Nizzle" 2010. február 16.
A quick hit, usually to the face or chin. To punch or jab someone.
Yo I swear da next time I see dat nigga imma chip him
Beküldő: jerz nigga 2009. március 25.
being instructed to run, leave quickly
yo! u best chip now or ya gettin a beatin
Beküldő: Mack-S12 2008. október 28.
the dried feces stuck to the tip of the penis after unprotected anal sex
when jerry finally pulled out, he had chip on his tip
Beküldő: scuttlebutt 2008. március 6.
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