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The Chip can be defined as the dub or the win. Typically used throughout the DMV.
We finna get the chip moe.

We got that chip out at Edison.
The Chip by MUN123456789 December 7, 2017
Something people say when they are trying to abbreviate Championship but are too dumb to use the correct abbreviation of "The Ship"
"Derrrr Hey Brandon, Michigan won the Chip"
The Chip by The Shipper of Ships January 24, 2024

The Chip Jip 

When you expect a much larger amount of chips in your bag, so you become upset at the fact that the bag is less than half full.
"Man, I got the chip jip today when I bought a bag of Doritos."
The Chip Jip by kacemugs September 5, 2009

The Chip-in 

A gift that everyone contributes money toward.
We're going to have to do the ole chip-in.
The Chip-in by Genku July 29, 2003

The Chip Zip 

Underground packaging company bent on prophylactic effect for the masses.
People: Why are we dying?
Leader: We dont have The Chip Zip!

dipping the chip 

When a guy stuffs his nuts into a girls vagina , like a chip being dipped in dip.
"Man! When i was banging that babe, I was totally dipping the chip! She totally came right after!!"