n.
Popular Brit slang for vapid, meaningless chatter or polite "warm up"
conversation before you get down and do the serious shit, be it a meeting, sex etc.
"Blah blah blah
blah yada yada...bl-"
"Cut the Chit Chat and get your clothes off."
Or...
"How's Maria and the
girls"?
"
Fine, thanks. OK, let's cut the Chit Chat. You're fired."