A many day party with copious quantities of chips, people coming and going and lots of swimming in the neighbour's pool.
Lester had a chipdip while his neighbours were in Europe.
by rainbow52 September 02, 2010
1 more definition
when you sneak up to someone-scream "CHIP DIP"- then procede to jab your finger in their ass. Cramming underwear and pants into their asshole
Surprise! CHIP DIP!!!
by Kat Jordan September 29, 2007