The failure and embarrassment of a student after getting a question wrong in a lesson, particulary in A-level economics. The meaning also indicates that the student is not welcome in the class due to his or her failure and must therefore buy some chips in a nearby cafe or canteen after leaving.
Teacher: where is revenue maximised?
Student1: I don't know...
Teacher:(sigh)
Chris: Chip time mate. Time for you to receive your failure
Student1: I don't know...
Teacher:(sigh)
Chris: Chip time mate. Time for you to receive your failure
by Jarab97 November 12, 2014

Yaaaaaaah, it's rewind time! Yeah if I controlled rewind I'd want Fortnite, and Marques Brownlee. Is this what you wanted? You know who I would've asked for? Quit horsing around, play me some of that jumping music. There's one thing this video needs, KPOP! Can I have a royal wedding? Yeah but, you're marrying bongo cat. Wait, what? Rewind needs more science! Could we do an experiment? Love that, melting lipsticks. I want to eat something! Mukbang! Mukbang! Here's to all women in 2018 for finding their voices. It's nice seeing how women grew and were empowered. Can we give a moment to working moms? Let's do it! To everyone who taught. Or learned something new this year. And to all the refugees and anyone looking for a home. All of us should send a toast to the kids who follow their dreams. I want to thank the whole community that always supports us during our best and worst. We are a family. We are a team. Family is everything. I wanna give a moment to everyone who supported me when I got sick. All of the messages and comments like that made me feel like I wasn't alone. We're forgetting something, I think we should read the comments. Yeah I have a feeling this is about to get a little bit crazy. Let's give the people what they want. Ahahahaha, ah that's hot, that's hot!
by legopiece32557 June 1, 2021

Belly Time is the awkward state of posing (typically for pictures) with your hand(s) resting on another person's belly. It's uncomfortable for all parties involved, including bystanders. The number of contributors toward a singular belly time (the more hands on one person's belly at a time), the better the time. Seriously.
Dude numero uno: "Dude, I just saw Kathy get some intense belly time-- like 20 hands!"
Dude numero dos: "Dude. Kathy is always down for some belly time."
Dude numero dos: "Dude. Kathy is always down for some belly time."
by hootpsi November 2, 2010

Time-Lapse is another word for getting high.
If you have an iPhone and have ever used the time-lapse feature then you know that u can take a 30min video and it will show you everything in 10min.
When you are high and zone out and then come back, you look at the time and only 5 minutes has passed and it felt like 20min, you just Lapsed.
If you have an iPhone and have ever used the time-lapse feature then you know that u can take a 30min video and it will show you everything in 10min.
When you are high and zone out and then come back, you look at the time and only 5 minutes has passed and it felt like 20min, you just Lapsed.
by signum February 8, 2015

The time-frame many stoners function on, due to often not giving a fuck what time it is. Usually characterized by lateness/tardiness.
by feelgoodlost September 30, 2011

He is shit faced, what the fuck is he doing talking to the old people in the bar? That’s danny and it Friday, it’s Danny’s time
by Lil. Drop Punt April 11, 2020

It's when you watch Real World Cancun only to watch Joey. He is the one with tattoos, piercings, and the one in the band. He's pretty hott. Maybe too sexy for his shirt.
"What time is it?"
"Joey Time! Turn your channel to MTV."
Sexy legs puts lube in his Fanny Pack. You never know when he might need it. a.k.a. Joey Time.
"Joey Time! Turn your channel to MTV."
Sexy legs puts lube in his Fanny Pack. You never know when he might need it. a.k.a. Joey Time.
by je$! July 8, 2009
