Used to indicate that your Internet Connection is laggy. Can be used in combination with the internet connection, with yourself or even under the form "A chessnut connection".
I just kept getting pinged, my internet is chessnutting.
Sorry I didn't come back on last night, I chessnutted.
To Chessnut or not To Chessnut, that's the question!
A friendship between a white person and a black person which is so awesome that experts can't explain it.
Notable examples include J.D. and Turk from Scrubs, Shawn and Gus from Psych, Riggs and Murtagh from the Lethal Weapon series.
Daniel: Henry my black friend you are so awesome
Henry: And you too, my white friend Daniel
Daniel: We are so awesome. Like a chessboard!