12720222, The only people I've heard say championchip are old dudes at the barber Posted by soulfunk, Fri Feb-06-15 09:10 AM
shop (just because that's how some of them pronounce that sound), and those old dudes aren't also calling them "chips". I don't think there's any correlation there.
Chip just comes from the first two letters and the last two letters, and is just a way to abbreviate it easily. "Ship" isn't as descriptive. That could be anything - membership, ownership, relationship, dealership, etc.
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