another term for white people is pink people, so pink slime is a slimy pink person, which is same as slimy white person.
someone who is disgusting and foul. someone who is sneaky and the scum of the world like lawyers and Wall St bankers and politicians. they're sneaky like snakes. you can't trust them. they'll backstab you any chance they get to benefit themselves. they'll take your girlfriend, your wife, your money, your life to get your insurance money. they are lower than scum, lower than parasites, lower than vultures, lower than cockroaches, lower than rats, and lower than snakes. when you see a pink slime, stomp on it and destroy it quickly.
It was first used in Mac Miller's song "Onaroll", and is called pink slime based off of the color of the drink, which is normally purple, but can also be pink.
Mothafucker stir me up some pink slime for me and ma homies'