When in a casino, you watch other players lose money playing slots. When they have had enough, you move in and take over their slot. Usually close to the jackpot the first person leave in a huff not knowing you were peering at them from behind the roulette table. Collect your winnings slot slut!!
Grandma: "Fuck, this slot machine blows!"
Sneaky person: Yes! She's giving up!
Sneaky person sits down at slot and wins. Therefore becoming an official Slot Slut.
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).