A phrase used to describe the anticipation of an all out rip-fest. Rip-Fest meaning, everyone involved is consumed with the activity of consuming copious amounts of their choice of an alcoholic beverage for a long duration.
"Yo Brah, you ready to slug rips tonight until we have to be dragged to our place of sleep?"
"Brah, we sluggin rips tonight?"
"Brah, so many rips will be slugged!"