1.(Noun)-A broken chip in a dip or salsa bowl, usually stuck out of comfortable reach of fingers.
2.(Verb)-To break one or another's chip whilst reaching simultaneously into a dip or salsa bowl, may also occur if one is fighting for the "scoop"
1. Aw look at that poor Chipwreck!
2. Ima Chipwreck your ass to oblivion!
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