The cuter version of "slut," and is also the censored version. Most people use it around adults so they won't know what they're talking about, or with friends to be funny.
That girl's a sloot!
A what?
Sloot!
What's a sloot!
A slut!
Ohhh yeah she is!
The definition for an indepentent, strong woman who lives her life exactly the way she wants. She might have reocurring STIs though. The word was first mentioned by the post-modernist and author Daniel H. Eggamooby in 1981.