To fall asleep randomly in the company of friends. Sometimes accompanied by snoring. Somehow retaining the ability to jump right back into the conversation.
The act of "sloating" is replacing a common word or words from a song to "sloat." This practice began in the summer of 2012 and is in honor of the great James Sloat, who among many famous accomplishments, is known as the world's worst text responder of all time.
An example of Sloating would be as follows: When listening to the song "Let Me Put My Love into You" by ACDC, replace the word "Love" with "Sloat," so the lyric will now be "Let Me Put my Sloat into You."
Also, replacing common words like "stop" with "Sloat" when playing a drinking game. For example, saying "Sloat" as opposed to "Stop" during Beer-Ball (which is a game also commonly referred to as Drunk Ball).