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If it’s chain, it’s free reign 

Stealing or ‘borrowing’ from corporate(chain) stores. They have more than enough money to make up for losses. DO NOT take from local Mom and Pop shops, asshole!
Sara: Hey wanna go ‘hang out’ in Macy’s??
Tiff: Ofc!! If it’s chain, it’s free reign!!
(In reality Sara and Tiff stealing from Macy’s bc F that company)

it’s a chair, wdym?

when someone is sitting on another’s lap, but swears they are sharing the chair.
A: Dude, is she sitting on your lap?
B: It’s a chair, wdym?

it's like shuffling deck chairs on the titanic 

Actually means: actions taken solely for the feeling (or the appearance) of doing something about an unavoidable situation; actions that not only accomplish nothing but *blatantly* accomplish nothing.
"Oh, look, now GM is trying to fire Wagoner. It's like shuffling deck chairs on the Titanic."

it's like shuffling deck chairs on the titanic 

A phrase used to describe a situation that is:

a) almost near impossible
b) awkward/tricky
c) difficult

Stemming from the movie, Titanic, where shuffling deck chairs on the sinking ship would have been tricky.
Teacher: I'm trying to get my students to quieten down...it's like shuffling deck chairs on the titanic.

if its a chain its free reign

Basically it means steal or "borrow" anything you want.
Zach: Hey man you know what they say.
Layla: If its a chain its free reign.
(Meaning that Zach and Layla were going to steal from the store)