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Slay the Magic Dragon 

"Slaying the Magic Dragon", term used when announcing that you are about to take a massive hot dump.
Boy 1: "Yeah I'm about to go shoot some J's. Wbu?"
Boy 2: "Just got back from Mi Rancho's, bout to go Slay the Magic Dragon!"

slay the house down boots 

its an extended use of the word "slay". slay is used to describe an action, as in, "she's slaying right now". saying "slay the house down boots" is telling someone to "slay", or do something amazing.
"slay the house down boots sis!" - is telling the person to slay, or do something amazing.

"sis is slaying the house down boots!"- "slaying the house down boots", in this scenario, is describing her action. her action is very amazing, therefore requiring the person to say that she is "slaying the house down boots".

Slay The Dragon 

Having sex with a girl on her period.

When your done you look down at your cock and it looks like you just won an epic battle between you and your bloody mistress.
Sara told her man she wasn't sure if they should be having sex that night since she was on her period. He told her he's up to Slay The Dragon ;)

Slay The Mammoth 

In James Bond 007 Nightfire when a multiplayer game is set up with team battle with all super maxed stats rook bots, pistols, at fort knox up to 30 kills. with regular health for players, and 100% for rooks.
Kevin: Are your guys ready for some Slay The Mammoth?

Jim: Are you ready to get bum raped by some Rooks?

slay the lightskin 

best friend group that everyone wants to be in
random: omg i got added to slay the lightskin

random 2: NO WAYY

Slay that poon 

verb, informal
The act of a male engaging in aggressive (consensual) sex, usually followed by bragging about it to his friends.
(past tense)
"Yeah, dude! I slayed that poon like it was high noon!"

(present tense)
"I'll call you back later, bro! I'm slaying that poon like it's high noon!"

(future tense)
Me: "Don't worry, Adam. One day, we'll slay that poon like it's high noon."
Adam: "Together."
Slay that poon by DatBoiAJ October 6, 2016