1 definition by M. Bachand
An entirely made up word used to describe a poker group's inability to 1)count chips, or; 2) understand the true value of the chips involved in the game.
1) "How many utils do we get?"; 2)"I raise you 10,000 utils"; 3) "I lost all my utils to a 2-3 off suit.”
by M. Bachand June 24, 2005