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Chips is Chips: a statement that can be used in many scenarios to more or less declare that "it is what it is", or "live and let go". Almost always this saying is used to eleviate the intensity of a conversation, conflict, or dilemma at hand. It helps us single out the petty worries of day to day living.
Husband: "Oh what a terrible day! We lost power today at the office, I was stuck in traffic for two hours, and got pulled over ten minutes before I got home!"
Wife: "Don't worry about it so much dear, chips is chips."
by RitaIsItalianForICE January 04, 2009
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