Chipped beef is a type of pre-cooked, preserved, and salted beef that has been thinly sliced. The most common form of chipped beef features a cream sauce made with milk, butter, and flour, which creates a thick and creamy texture. This comforting dish can be served over toast or potatoes, used as an ingredient in other dishes, or enjoyed on its own. Whatever way it's served, chipped beef is a classic comfort food for many Americans.