Chips change hands during the round. They typically get tossed at the lucky owner. Guy hits it in bunker, poker chip comes flying his way!  Whatever you are holding at the end determines if you pay or get money from everyone else.  Set whatever values you like. We typically play bad chips are $5, and KAKAW! Is $10. 

(KAKAW, green chip. Birdie or Better) (NDABUNKA, tan chip.  In a bunker) (3JACKED, blue chip, 3 putts)

(PBFU, purple chip, post birdie F*#@ up!) NDASHIT, white chip, you are in a staked hazard)