Chiplip
When one eats a large chip (usually tortilla) and misses their mouth opening slightly in the process slices the corner of their lips, therefore causing what is known as chiplip.
Naw dawg it ain't herps, I just got some chiplip going on."
Chiplip
Chiplip (noun) - when a person has a mole or other skin blemish near their lips.
"Tyler has a chiplip"