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1.
1. Specialy designed tool used to seal bags of chips to prevent spoilage 2. Wang Hanger
I don't know why they call them "chip clips," everyone just puts them on their wang.
by Mithhirion August 08, 2003
 
2.
A plastic clamp with flat prongs used to hold the folded edge of a bag closed. Originally used on bags of chips to keep them fresh and tasty.
He stuck a chip clip on his ruffles.
by Tailspin October 18, 2003