Take the chip on the right, then move 5L 3D L, collect the seven chips on the top of the lower edge, then run to the left by collecting the rest of them, and run up to the teleport. Slide >R DU to collect a key chip by using a special shortcut, then run northwest to steal the final chip from a fireball. The exit is back in the center of this room.
Trivia
Planet of the Teeth is the first appearance of the fake exit, and the only playable level with a fake exit in Lynx.