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To contribute. Usually in reference to money, but can refer to anything (e.g. drugs).
1. "If we each chip in a tenner, we'll have enough money to rent a car!"

2. "If we each chip in a little bit of weed, we'll be able to roll a huge blunt."
chip in by stoner_joesiph January 2, 2012

Chip-in! 

Originating from Mario Golf, Chip-in! refers to when someone does something unexpectedly great.

Must be yelled with enthusiasm.
"Yo Tommy slept with that perfect 10 anna last night."
"Really? CHIP-IN!"
Chip-in! by Mikey Scheeeer March 15, 2010

biggest chip in the bag

A person who thinks they're the shit and that they're much better than everyone else
Damn you hear neha talking over there like she's the biggest chip in the bag??

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

Dip inside the chip 

when you reverse how something is done normally

the dip inside the chip 

yo what if we put the dip inside the chip on that