In this drill, PGA Professional Jason Sudenga talks about the basics of a chip shot. The first thing that he likes to talk about is that a chip shot tends to be a shot that stays lower to the ground. The general rule of thumb when chipping is the 1/3 2/3 rule. This means that the ball will fly in the air 1/3 of the way to the target and the golf ball will roll the next 2/3s of the way, hopefully ending up with perfect distance control. Jason feels that the golf club of choice for this shot is a 54 degree wedge. Keep the heel off the ground so that you leave more room for error if you would miss hit it. This means that you need to have your stance much closer to the ball much like you are setting up to a putt. Keep your weight and your hands in front of the ball at address. Keep a much weaker grip to allow for more of a pendulum stroke.
For a great tip on how to chip from uneven lies, click here.