The phrase originates from casinos where players exchange chips for money when they're done.

Casino Origins

Used literally when talking about actual casino chips being turned into cash.

Literal Use

Often implies leaving after achieving success, typically in gambling.

It metaphorically suggests someone is exiting a situation, like quitting a job or retiring.

Indicates a conclusive or final decision to leave or end participation in an activity.

Exiting can be positive, such as retiring after a fulfilling career.

Refers to death, often used to avoid direct mention of dying; be sensitive to the context.

It's a euphemism for death; it softens the harshness of the reality.