A slime puppy is a public personality who gives you a queasy feeling, the sort of slimy public person who takes advantage of their public light for their own ends. A slime puppy leaves a trail of butt slime as it drags it's butt along the ground while thinking they are doing the right thing, a do gooder boy scout type of slimy person.
Have you heard of John Ralston Saul? Oh yeah, he's that slime puppy author married to the former Canadian Governor General, what's her name, oh yeah, Adrienne Clarkson.
Its the hole that is found between the legs of women young and old. This hole is medically known as Vagina Tendinis Musculi Extensoris Carpi Ulnaris, or more commonly, Vagina. The Vagina becomes wet and somewhat slimy during times of sexual arrousal, hence Slime Hole.