To contribute. Usually in reference to money, but can refer to anything (e.g. drugs).
1. "If we each chip in a tenner
, we'll have enough money to rent a car!"
2. "If we each chip in a little bit of weed, we'll be able to roll a huge blunt
An ounce (28.35g) of cannabis.
Derived from the fact that "ounce" is conventionally abbreviated to oz., which brings to mind the Wizard of Oz.
Dude, if we all chip in
together we could buy a wizard!
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