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Piss on your chips 

The correct definition of this expression is to really mess something up for yourself (rather than for someone else) with an unnecessary and/or stupid act.

The key is that it is self-inflicted and therefore has a different meaning to "piss on your bonfire" or "rain on your parade" which refer to generally spoiling or putting a dampener on something for someone else.

The origin of the expression is from the scenario in the UK of a guy buying some takeaway chips (french fries for any US readers) after an evening's drinking.

Finding that he then needs a piss on the way home, the inebriated guy finds a quiet spot somewhere then and puts his chips on the ground nearby while he relieves himself. In his drunken state he then accidentally pisses on his chips, thus depriving himself of his meal through his own carelessness and stupidity.

The expression is particularly applicable for a celebrity who has badly damaged his/or her career because of a needless personal transgression.
"Way to piss on your chips, Tiger!" (Overheard at the US Masters)
Piss on your chips by DaleHudd June 16, 2010
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Chipstack Reversal 

The phenomenon that nearly ALWAYS occurs while playing poker - usually Texas No-Limit Hold'em - at the final table in online pokersites where the shortstack (almost out of the game) and the bigstack (chip leader) positions swap.

This usually will happen with only 4 or 5 seats left in the game and quite often results with the former bigstack knocked out of the game in the 4th or 5th position while the former shortstack will go on to take 2nd position or even the WIN.

In a sit and go, a Chipstack Reversal is usually directly associated with the 'bubble' - last unpaid seat in a tournament/sit and go.
'You're the chipleader on the bubble, Freddie. Watch out for the Chipstack Reversal.'
Related Words

Crapstacker 

A person who accumulates large amounts of unnecessary things and keeps them around their house, often in stacks. It is not uncommon for stacks to reach several feet in height.
When I saw the piles of newspapers in the corners and on the tables in the rooms, I realized that she was a crapstacker.
Crapstacker by ThragP April 8, 2009

Chips Ahoy 

a delicious cookie that can also be chewy
i looooooove chips ahoy

licking chips 

The act of playing the field by giving attention to many potential partners, but avoiding any serious advances.

Comes from the juvenile practice of licking chips, particularly Doritos brand, in order to claim them for oneself, but not necessarily eating them.
"Man, she called last night...I think she's still into me"
"Naw, she's just licking chips."
licking chips by RLIU July 20, 2007

one man craps

When a man grabs his balls and pretends that he is playing craps. In other words, it is the art of whacking off with your balls in your hands at the same time that you are stroking your one-eyed monster.
Travis was at home enjoying his lazy saturday afternoon. Tommy decided to visit Travis and watch a GGW video (with a pillow covering his lap no less). Tommy went to the bathroom and decided to play some one man craps. Travis had to use the batroom and knocked on the door. Tommy, obviously frightened, shreaked and blew his load shouting "Ahhhh, snake eyes!!!".
one man craps by Kentpappy June 10, 2007
This is a word with many meanings. It can be used in the place of any verb. There are no limits, or wrong ways to use this word as long as it replaces a verb.
If I give you money will you cripst me some beer when you go to the store.
I would cripst the hell out of her.
That is cripsted up.
cripst by Tanner Barnes December 17, 2006