What is a chip shot in football?

In slang, there is another definition for it – a “parachute”. What is a chip shot in soccer? A spectacular technique, which meaning implies throwing the ball through the opponent’s goalkeeper in a high path.

In sport, it is often observed in one-on-one duels, or when a goalkeeper is far out of his zone.
What does chip shot mean in football? Great flick, which only recognized masters can perform.