A word that a bunch of fucktards in a backalley suburb full of crackheads think is actually a real word because some guy's crazy older brother told them it is while completely missing his sense of humor. Usually, anything chep costs about $2.99 but not 3 dollars. If it costs more than $2.99 it is no longer cheap, however it depend's who is paying (I'm not). If it's free, it's considered a gift.
Adam: "No. But I did order some chep takeout pussy from the Dirty Shwa. The pussies are located inside Evan's friend's buttholes and I have to plunge them out with my BBC. Which is white BTW but black at the same time."
Adam: "First I'll talk dirty to them and make them think they are giving me pussy for chep. They will pay their own way here, expecting a small return on their travel expenses. Then when they least expect it... WHAM! Knock him unconscious and shove unleavened bread loaves into his sinuses. They will expand while he's sleeping and his head will explode".
Really cool guy: "Wow Adam, That's not very generous. You're turning your chep pussy into a gift for yourself... it's not even Xmas bro"
Adam: "Whatever. Santa is an asshat. Plus Xmas in July is coming soon, you never have to be good for that."
A Chep is a person with no skill and/or who does not know what the word "Chep" means. You can call somebody a Chep and if they do not know the definition you can tell them or have them look it up. If they do look it up they are in debt to you a favor and are still considered a Chep until the favor is fulfilled.