It’s time to explore the words in the songs and poems, friends. Today’s word, the very first word of the very first song, has a darling little history: “chip” is a sort of diminutive of “chop”, much like the relationship of “drip/drop” or “tip/top”. I was hoping for a sound reference in the etymology, but no.
• 1.064 Chip the glasses and crack the plates!
“chip, v.1.” OED Online, Oxford University Press, June 2019, http://www.oed.com/view/Entry/31819. Accessed 15 August 2019.