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A many day party with copious quantities of chips, people coming and going and lots of swimming in the neighbour's pool.
Lester had a chipdip while his neighbours were in Europe.
chipdip by rainbow52 September 3, 2010

chip dip 

when you sneak up to someone-scream "CHIP DIP"- then procede to jab your finger in their ass. Cramming underwear and pants into their asshole
chip dip by Kat Jordan October 14, 2007
A universal word is used across the metaverse to tell someone you want their penis. It worked through language barriers and is especially used among the gay community.
User1: 你好

User2: Hello? Chipipi?

User1: Chipipi.
chipipi by PATROLOCK March 11, 2022
When one eats a large chip (usually tortilla) and misses their mouth opening slightly in the process slices the corner of their lips, therefore causing what is known as chiplip.
Naw dawg it ain't herps, I just got some chiplip going on."
Chiplip by Goofywords November 10, 2022

chip dip head 

A woman involved in group sex; who's hair is filled with cum
"Damn that bitch blew six dudes...by the time the orgie was over, she looked like a chip dip head"
chip dip head by unknown October 7, 2003

Chip & Dip 

This maneuver involves one member of a party to remove their undergarments and place any type of edible chip into their ass and hold it there by flexing your but cheeks; then another member of said party with remove and eat the chip using only their tongue and teeth. Any crumbs that may have broken off from the chip and are stuck to the inside with fecal matter are to be liked out as well.
Hey Nolan remember that time I tried to do a Chip & Dip for Jasmine but she wouldn’t eat it.
Chip & Dip by Emo_Princess December 9, 2008