V. The act of being utterly awesome; chivalrous, honorable, honest, strong, fun, respectable and respectful, courageous and above all, sexy, desirable and swaggalicious. There's no better way of putting it, but when a person's SLOATING (ability to sloat) is so good, they are respected enough to be deemed a 'sloat'...The next level up from that is known as a 'sexy sloat', and after that you're known as a 'sloater'. Many Kudos to you. You'll be getting more than winks at this stage.
Dude: Brochad, how bout we go sloat some boats?
Broski: Now that's sloating...Is Jensen ready?
Dude: Mr. Busche is ;) may I take your order mam?
Dudette: Of course ;)... you're fine a sloater Ernie
Also, replacing common words like "stop" with "Sloat" when playing a drinking game. For example, saying "Sloat" as opposed to "Stop" during Beer-Ball (which is a game also commonly referred to as Drunk Ball).