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Define Chip Down Meaning

Chip Down
to chip in with money to share something commonly used for weed, alchohol, etc

Joe - Yo i got a dub right now who got chip downs ?
cacey - Im chipping down 5$
By Ted
Chips Are Down
A situation is getting worse

The chips are down for you at this point for stealling moneyy from your mom
By May
When The Chips Are Down
at the final, critical moment; when things get difficult.

When the chips are down, I know that I can depend on you, my friend
By Shaina