I've long suspected that this chip had an image of Harold Floyd on it. The glasses and hat are reminiscent of him. The resolution on the image is not great, but those are dozens of lit cigarettes in his mouth. That is the type of stunt that I can see Floyd doing in one of his films. Does anyone remember a silent film in which he (or some other actor) pulls a gag in which they smoke a whole bunch of cigarettes like that?

Chip courtesy of the ChipGuide.