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
when dave gets a bag of yummy yummy chip and eats chip. dave likes to share chips with his pals: gavin, honey bee, bee, kins, possum, gordon, joe, maddie, and more! he even shares with doctor sunshine!
by davesayschip April 21, 2020