Let me set you all straight with the “small chip” thing.
That, my fucktard friends, is called “speed governor.” Learn it, memorize it, and use it correctly before you all go spouting out some erroneous information.
What it does is when you reach a certain speed limit set by the automaker’s factory settings in the ECU – to put it in simpler terms for you obtuse motorheads; it’s what controls the electronics, fuel, air, and few other important things that is considered detrimental to your motor – when it does reach the speed limit; it simply prevents you from going any faster than the intended settings on the ECU. I could be half-wrong on this piece, since there has been some changes in automobile technologies in the past half decade or so.
What you all are pretty much talking about what causes the fuel cut off – is what's called “rev limiter;” which cuts off the fuel to the motor. Ergo, it results by stalling your motor a bit; it’s like the car’s telling you, “Hey, motherfucker! Knock it off. Go easy on me.” That’s when you have to just let go of the gas pedal, but keep pressing the gas while the fuel is being cut off, you’re going to fuck it up pretty good. Otherwise, it’s not going to fry the ECU which forces you to buy a brand new ECU unit and a brand-spanking new motor if you’re that stupid enough. It’s quite the most essential thing for your motor, and it’s what you should be worried about instead of some paltry device called “speed governor.”
As for the removal of the chip and the legality issue; to both of you who said that, you’re half-right and half-wrong about it. The removal of the chip is just not possible at all. Because if you remove it, it’ll render the ECU obsolete and useless without its important data info on how to measure the speed and other important aspects. What you want to do is if you want to remove the “speed governor” is to just have your ECU reprogrammed, this is the more expensive method, mind you. It’s not totally legal, but it’s completely within legal limits if your sole purpose is to take it to the tracks. However, if you’re just removing it to go faster...well, that's not my problem, is it?
geez... i have no guts to do this.. but I did went tops 135 mph on 70 mph limit.. that's my fastest one experience... no more again :-X
but sadly, the silverado has this special chip that stopped me at 97 mph instead of going up. It dont stall or shut down, it just slow itself down so bascially automobile with chips has its own mind. *GRR* There goes my speeding freedom 
now...back to the story that was posted up above...i would say that the chips are installed in the newer cars....like years 2000 to years 2004 cars...or in expensive cars such as the mercedes or something around that area.....fuck them chips fuck them chips fuck them all to hell....(to make them go to hell...remove them and smash them with a sledge-hammer or run over it with your 500-grand, maxed-out car.) 
