A bag of chips (thick cut potato fries) that contains and arbitrary number of chips more than a regular bag of chips. The amount of extra chips is at the discretion and generally based on the mood of the person serving as there is no standard measure for a large chip.
Usually said after saying something smart or intelligent.
A longer version of the sentence is 'Up here for thinking, down there for dancing, out there for shaking and down here for making' Usually one would point to their head then feet for the shortened sentence. If lengthened one should then shake their hands and then point to their mid section while saying the last two things.
