A Pink Slip is a drug certificate that enables you to get quantities of drugs for free from a dealer(s). Usually they go in rankings from red to the highest being pink.
Joe: Hey where's my stuff man
Dealer: Ain't got it bro I'll write you a pink slip so you get some free shit from the boss.
Dealer: Ain't got it bro I'll write you a pink slip so you get some free shit from the boss.
by thebigbadbaig January 20, 2008
by thebigbadbaig August 29, 2009