From The Collaborative International Dictionary of English v.0.48:
Chip \Chip\, v. i.
To break or fly off in small pieces.
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From The Collaborative International Dictionary of English v.0.48:
Chip \Chip\, n.
1. A piece of wood, stone, or other substance, separated by
an ax, chisel, or cutting instrument.
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2. A fragment or piece broken off; a small piece.
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3. Wood or Cuban palm leaf split into slips, or straw plaited
in a special manner, for making hats or bonnets.
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4. Anything dried up, withered, or without flavor; -- used
contemptuously.
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5. One of the counters used in poker and other games.
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6. (Naut.) The triangular piece of wood attached to the log
line.
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Buffalo chips. See under Buffalo.
Chip ax, a small ax for chipping timber into shape.
Chip bonnet, Chip hat, a bonnet or a hat made of Chip.
See Chip, n., 3.
A chip off the old block, a child who resembles either of
his parents. [Colloq.] --Milton.
Potato chips, Saratoga chips, thin slices of raw potato
fried crisp.
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From The Collaborative International Dictionary of English v.0.48:
Chip \Chip\ (ch[i^]p), v. t. [imp. & p. p. Chipped (ch[i^]pt);
p. pr. & vb. n. Chipping.] [Cf. G. kippen to cut off the
edge, to clip, pare. Cf. Chop to cut.]
1. To cut small pieces from; to diminish or reduce to shape,
by cutting away a little at a time; to hew. --Shak.
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2. To break or crack, or crack off a portion of, as of an
eggshell in hatching, or a piece of crockery.
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3. To bet, as with chips in the game of poker.
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To chip in, to contribute, as to a fund; to share in the
risks or expenses of. [Slang. U. S.]
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