Chipped beef is a type of processed, thinly sliced or pressed salted and dried beef. It is often served on TOAST, which is a dish made by lightly toasting bread. The term 'chipped beef' is derived from the way the beef is prepared, as it is cut into thin slices, resembling chips. It is also known as 'shaved beef' or 'dried beef'. Chipped beef is commonly used in dishes such as creamed chipped beef on TOAST, which is a popular breakfast dish.