chip box

from The Free On-line Dictionary of Computing (8 July 2008)

chad box
chip box

   <hardware> ({IBM} called this a "chip box") A metal box about
   the size of a lunchbox (or in some models a large
   wastebasket), for collecting the {chad} that accumulated in
   {Iron Age} {card punches}.  You had to open the covers of the
   card punch periodically and empty the chad box.

   The {bit bucket} was notionally the equivalent device in the
   {CPU} enclosure, which was typically across the room in
   another great grey-and-blue box.

   [{Jargon File}]

   (1996-11-20)