The term 'chips' is an integral part of Bally-Slang. Coined by none other than Harley Woolven, it is used to express apathetic or negative connotations.
Usually preceded by an upwards inflection of 'Awww' (the same way that precedes terms such as 'Taxi!' or 'Benji').
Can be used to describe dislike or apathy regarding just about anything.
When a head-doing loser is spotted: 'Aww chips guy'.
A variant popularized by Gilly: 'Chip-out!'
When witnessing any situation that is bleak, mundane, plain boring etc: 'Awww CHIPS!'
Prices shown in USD.
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