Pink Slip 

When they first started manufacturing cars it was a paper that said the car was entitled to you.Today they make them blue.Also its a type of race in the streetrace world which means you race for the car.

In 2F2F They raced for Pink Slips

Pink Slip by Rocafella May 23, 2004

pink slip 

refers to the employee's copy of a notice terminating employment, formerly colored pink.

Three employees were given a pink slip.

pink slip by Arigrion April 28, 2011

pink slip 

getting laid off from work

He was laid off from work today. He received his pink slip.

pink slip by myfootsmells February 16, 2006

Pink Slip 

When two people are going at it up the anus, and when he (or she with a strap on) pulls out and pulls the large intestine out with it.

Fred: "I'm coming!"
Mary: "Don't pink slip me."
Fred: "Oh crap, too late."

Pink Slip by woodenapple February 26, 2009

Pink slip 

To kill someone and take everything they got

Friend: what happened with that nigga that was talking all that shit?
You: I pink slipped his dumbass last week

Pink slip by 44jesus January 14, 2021

Pink Slip 

The equivalent of a nip slip except when a girl accidentally (or purposely) flashes her pussy.

Dude I love watchin trashy celebs flaunt thier pink slips.

Pink Slip by Fatguyron April 5, 2010

pink slip 

During sexual intercourse, rough sexual intercourse, the penis of the male may slip out of the vagina if moist enough, this is whats known as a pink slip, or a oyster escape.

"i really hurt my cock in her hip due to that pink slip"

pink slip by SyHarrison May 2, 2006