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When they first started manufacturing cars it was a paper that said the car was entitled to you.Today they make them blue.Also its a type of race in the streetrace world which means you race for the car.
In 2F2F They raced for Pink Slips
by Rocafella May 23, 2004
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2
He was laid off from work today. He received his pink slip.
by myfootsmells February 14, 2006
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3
refers to the employee's copy of a notice terminating employment, formerly colored pink.
Three employees were given a pink slip.
by Arigrion April 10, 2011
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5
When two people are going at it up the anus, and when he (or she with a strap on) pulls out and pulls the large intestine out with it.
Fred: "I'm coming!"
Mary: "Don't pink slip me."
Fred: "Oh crap, too late."
by woodenapple February 26, 2009
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The vengeful act of crapping on a lover's chest while they sleep.

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6
The equivalent of a nip slip except when a girl accidentally (or purposely) flashes her pussy.
Dude I love watchin trashy celebs flaunt thier pink slips.
by Fatguyron April 03, 2010
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7
During sexual intercourse, rough sexual intercourse, the penis of the male may slip out of the vagina if moist enough, this is whats known as a pink slip, or a oyster escape.
"i really hurt my cock in her hip due to that pink slip"
by SyHarrison April 20, 2006
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The vengeful act of crapping on a lover's chest while they sleep.

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