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1.
1) Nickname given to Bill Clinton, the 42nd President, for allegedly being cunning and deceptive.

2a) A cigar that is being inserted or has been inserted into a vagina.

2b) Act of sticking a cigar into a vagina.
1) Republican: Slick Willie has destroyed the American economy and has deceived everybody into thinking otherwise.

2a) "Oh, you like that? You like the Slick Willie more than my finger?"

2b) "I don't smoke them as much as I give Slick Willies."
by AbnormalBoy April 19, 2004