Airbag Share definition Flag Lays baked chips from Subway. There are only about 6 chips in the bag and the rest is air. "Dude, hand me your bag of baked Lays, hurry!" "Why man?" "Cuz we are about to crash and this car doesn't have airbags!" Airbag by LatinoHeat September 2, 2005 Get the Airbag mug.