gossip vs chin wag

gossip and chin wag both are nouns.

Word	Noun	Adjective	Verb	Adverb
gossip	Yes	No	Yes	No
chin wag	Yes	No	No	No

As nouns, gossip and chin wag are synonyms defined as:

gossip (noun)	chin wag (noun)
light informal conversation for social occasions	light informal conversation for social occasions
a report (often malicious) about the behavior of other people
a person given to gossiping and divulging personal information about others

gossip (verb)	chin wag (verb)
wag one's tongue; speak about others and reveal secrets or intimacies
talk socially without exchanging too much information