Chocolate chips, crunchy pieces of chocolate shaped like a drop, are irresistible anytime treats. Made by crushing or melting bars of cooking chocolate, the chocolate chips are used in a number of scrumptious recipes like cakes, cookies, pancakes, waffles, hot chocolate, muffins, crepes, pies and pastries. Compelling variations of the basic chocolate chips include bitter sweet chocolate chips, butterscotch chips, peanut butter chips, white chocolate chips, cinnamon chips and mint chocolate chips which are just a few of the myriads of exciting varieties.