to sleep and bleed at the same time, most likely attributed to being cut while asleep
symptoms of sleeding include reddening of sheets, drowsiness unrelated to being asleep, and eventual death if untreated
Oh man, I was having such a good rest until I got stabbed in the neck; I started to sleed all over the place.
to make out/hook up with someone. Often brings about a connotation of a slut to whomever is using the verb.
Dude, I'm gunna sleed with so many chicks tonight. It's gunna be absolutely redick.