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Definitions by DJTeezz

Race for Pink Slips 

When you and your girlfriend challenge another couple to "Race for Pink Slips" - It is like a foursome, but instead you all have sex in one room, only with your partner: First guy to finish, wins, and he gets to take the other guys girlfriend as a reward.

Similar to racing for pinks in relation to cars
Yo bro, you wanna race for pink slips?

You're on
Race for Pink Slips by DJTeezz January 8, 2011