The term "Chad" has multiple meanings on Urban Dictionary and in modern internet slang. According to Urban Dictionary, "Chad" can refer to:
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What a Chad: A phrase describing a stereotypical young urban white male, typically single and in his 20s. This phrase is usually used to denote stereotypical "Chad" behavior.
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Chad: Residue of fecal matter; usually situated between arse cheeks after incomplete wiping and can spread to balls. The smell of chad emanates further and....
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A Chad: When referring to somebody as a Chad, they are likely a white-male with an abnormally large ego, commonly in their teens or early twenties.
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Absolute Chad: A reference to Chad Thundercock, someone who has qualities of an alpha male including a big penis. Someone like Channing Tatum.
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The Chad: A rare species of shemale of which they have no urges for actual people, just computers or xboxes. They sometimes experiment their urges with their....
On Wikipedia, "Chad" is described as a slang term that originated in Chicago as a pejorative term for young, upper-class, urban males. In modern internet slang, the term can be similar to "bro" and generally refers to an "alpha male" or otherwise a genetically superior male. The term "Chad" is sometimes used interchangeably with "slayer" and is used to describe someone who is physically attractive and privileged, though sometimes depicted as shallow, air-headed, arrogant, and overtly sexual).