The term 'Chip and ___' can be completed with the four-letter word 'DALE' and the three-letter word 'DIP'. The phrase 'Chip and DALE' is a reference to two cartoon characters created by Walt Disney Productions in 1943. They are anthropomorphic chipmunks who typically wear red and green outfits and are known for their mischievous behavior. The five-letter word 'Salsa' is a type of spicy sauce made from tomatoes, onions, peppers, and other ingredients. It is commonly used as a condiment for Mexican and Latin American dishes.