Adj. To Chip Off. Is to leave somewhere. Usually to leave somewhere that is boring.
"This party sucks, lets chip off"
"Lets chip off to play some football"
to leave. comes from leaving a smoking session with no smoke for later and trying to ponse some... original phrase was "chip me off a corner" before i go".. shortened and corrupted to "im gonna chip off .. or "im chipping now"
im gonna chip off , catch u laters