A derogative term that is used to refer to someone (nearly always white) who is always getting schooled at one on one basketball. The term is always used in a derogative way.
Baller: c'mon chump change...forget your game?
Chump Change: huh?
*shoots...scores
Baller: Count it, chump change
Chump Change: Damn...stop calling me that, G
Baller: Nigga Please! You got NO UPS!
The Chump Change Challenge is when a male or female takes whatever loose change they have, heat them up until red, place them on penis or vagina and try to chump(ejaculate)