A period of time during a school year when academic responsibilities are pushed aside in favor of non-academic pursuits. In slacker terms, an entire semester of going to the bar every night instead of studying. See also, alcoholism.
While it may happen at any point in a college, graduate, or high school career, typically a slackmester occurs in the last semester of a given school period, when students suddenly realize how pointless hard work really is.
Dave: "Tacos and then the bar later tonight?"
Adam: "Hmmmm Tuesday night, two papers due tomorrow at 8 AM, and I haven't slept since Sunday... count me in. I'm obligated as part of my slackmester.
1. An extraordinarily attractive and masculine older man who makes younger women wet with anticipation for slow hand, orgasmic fulfillment. Selleck-like.
2. Formal title of creator of world famous Spanky Rolodex (TM).
3. Fourth degree Knight of KONA, and wearer of the fez.
4. Babe magnet.
Mickey: Did you see those strippers? They were all over that guy likewhite on rice!
Norton: Dude, he's a chuffin' Spankmeister!
Le Broyeur: Da wimins can't get enough o Spankmeister lovin.