It isn't mylar in the slightest.
People assume that mylar means metalized plastic. Mylar is actually a form of plastic instead.
Biaxially-oriented polyethylene terephthalate.
https://en.wikipedia.org/wiki/BoPET
The mylar bags used to seal up prepper food is a mis-naming for convenience. You can buy mylar bags that have absolutely no metal in them and are just see-through plastic.
What preppers use to store food in are really "metalized mylar" bags. The type of plastic is essential, namely actual mylar.
No, chip bags are not real mylar and do not store food long term. The plastic is the wrong type, it's too thin, and the metal coating is too thin as well. It will not create the proper gas barrier seal long term.
Don't be cheap. A real 5mil mylar bag AND correct sized O2A will cost as low as 50 cents per gallon volume of storage in a modest quantity. Even small quantity purchases cost under a dollar. Since a gallon bag of potato chips costs more than a dollar you are spending too much money on a phony bag that contains zero real food.
Don't try to redneck outsmart the food you may desperately need someday. Quit trying to reuse kitchen trash from junk food. No potato chip bags, no 2L soda bottles, no gatorade bottles, no thin glass pasta sauce jars. It's just trash. The "food" in them is trash too.
We wouldn't need to have this conversation if you had read about food storage in the easy to find threads at the top of the food section.
And that vacuum sealer? Not for storing dried food long term either. You can't get all the air out with a vacuum sealer.
A vacuum sealer serves absolutely zero purpose in the long term storage of dried foods. Again a topic easily found and explained in the food section.