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!"
от SpikeisGrand 05 декември 2007

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Trying to be cute when not
Niggas mad chips; Shes mad chips
от BlackSupaMAn 06 май 2013

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to smoke marijuana/weed
Dude lets go chip at the beach
от friendlyjerlena 31 януари 2011

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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."
от "P Nizzle" 16 февруари 2010

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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
от jerz nigga 25 март 2009

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being instructed to run, leave quickly
yo! u best chip now or ya gettin a beatin
от Mack-S12 28 октомври 2008

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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
от scuttlebutt 06 март 2008

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