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1.
someone that is cheap. This term generated in the Bronx, NY.
tu eres chipi. (you are cheap)
by elchipireal October 20, 2011
 
2.
A strange Spanish man, whos a wannabe actor. AKA Alex, Jorge, and fag
Chipi u a Ho.
Chipi desrteed us East-Coasters and Went to tha West Side.
by Carlos February 16, 2005