The Collaborative International Dictionary of English v.0.48:

Chips \Chips\, n. (Naut.)
   A ship's carpenter. [Cant.]
   [1913 Webster]

WordNet (r) 3.0 (2006):

chips
    n 1: strips of potato fried in deep fat [syn: french fries,
         french-fried potatoes, fries, chips]