A diminutive of the French name Charles, meaning “free man.” We can hope that little Chip will be a chip off the old block and not have a chip on his shoulder, but we’ll let the chips fall where they may. Har har.
Chip is already a nickname. For Charles. We established this.
Famous people named Chip:
TV personality Chip Gaines; baseball player Chip Hale; activist Chip Arndt; tennis player Chip Hooper; U.S. Congressman Chip Pickering.
The little teacup in Disney's Beauty and the Beast is (aptly) named Chip.