You should be embarrassed to have these chips.
The chips usually have ridges around the edges to make it easier to stack, but these ridges, ironically, sometimes make the chips harder to stack because if the ridges are not interlocked then the stack of chips becomes unstable. The downside is that they are obviously cheap-looking and cheap-feeling. The obvious advantage to these chips is that they are very inexpensive. Although these chips are made by many different companies, the bigger companies that make these chips are Radial and Hoyle.
You would only use these chips if you decided to play a meaningless game of poker with a non-poker crowd. These are basically the kind of chips you would get in a kid's poker set and are not chips you would ever use in a real poker game.