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1.
The grease puddle left over on your breakfast plate after eating. Is usually composed of bacon fat, yolk, toast sweat and whatever combination of hot sauces and ketchup you use.

Most often occurs in inexpensive diners.
Wow, that slurge puddle is epic. Give me your toast, I want to soak that bad boy up.
by BreakfastConnoisseur June 18, 2010
 
2.
A thick mixture of lotion and spit, it makes it hard for a person to masterbate fast.
Yesterday I masterbated with my moms new lotion, but it caused a alot of slurge and made it hard for me to cum fast.
by Jon Hubbard August 16, 2007