The failure and embarrassment of a student after getting a question wrong in a lesson, particulary in A-level economics. The meaning also indicates that the student is not welcome in the class due to his or her failure and must therefore buy some chips in a nearby cafe or canteen after leaving.
Teacher: where is revenue maximised?
Student1: I don't know...
Teacher:(sigh)
Chris: Chip time mate. Time for you to receive your failure
Another word for "bollock" or "testicle", in most cases it refers to only one testicle.
Prostitute: What do you want me to do for you today?
Guy: Fiddle my grote please.
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