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1:To be all the shit and a bag of chips, you must be better than the best, the shit, all that

2: To think you are all the shit and a bag of chips, but really are an obnoxious idiotic sheen/tool Coined in Toronto

1:woah, that car is all the shit and a bag of chips!

2:God, my boss thinks she's all the shit and a bag of chips just cause she can tell people what to do. But she really doesn't even know what she's doing
by GHtool July 18, 2006
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