look up any word, like bukkake:
 
1.
To enhance beyond stock or original performance levels via software or digital equipment means.
I chipped out my Rinnai tankless hot water heater to go from 120F to 185F.

I chipped out my F-250 Power Stroke to turn 550hp and 975ft lbs of torque.
by Zeke's Brewing October 10, 2013