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1.
A funky greeting of sorts.

Extend your palm open and to the air and, ask your friend to "feed the chicken"
The friend should bring all the tips of their fingers together, and gently peck at your palm..three or four times.

then feed your own chicken in return.

That track killed man..... "feed the chicken"....you heard me feed the chicken! (see above)
by Rob Halpin September 04, 2006
 
2.
"Feed the Chickens" is the another way to let someone know that you wanna "high five". The motion of slapping your hand to your friends hand.
"Big May feed the chickens"
by Matt A. June 15, 2006