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A combination of the words 'Schlatt' and 'Slime'. This is the word that you use when addressing only the closest homies.
"Ay what's up Schlime, you ready to go buss in the subbys?"
Related Words

schlitter 

slang for kitty litter
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etymology: shit + litter = schlitter
shopping list:
pasta
bar soap
ice cream
paper towels
schlitter
schlitter by PajamaSutra June 21, 2019
A stupid person that is incredibly annoying and makes you filled with rage
Hey man did you see that stupid schnite walking down the hallway yesterday?”
“Yeah, what a schnite.”
schnite by swaglicious688 October 15, 2020

schlitzkrieg

n.; A focused assault on the night's beers.

A whirlwind drinking binge.

Assumed to be a play on 'blitzkrieg' (meaning 'lightning attack', the term for the WWII German panzer warfare characterized by quick movement, capturing enormous areas of land, and brute force.
"TGIF-- time for a schlitzkrieg."

schlitz shits 

The disgusting shit you get the morning after drinking a lot of cheap beer. It can be identified by the way it comes out all soft and mushy. It may feel like diarrhea but it usually appears like normal shit. Also, you'll need a couple hundred feet of toilet paper.
Whoever had the schlitz shits in the second floor bathroom needs to plunge the toilet NOW.

Schlieman Flush

When you get off with more than 6 people in one night. Classy.
Person 1: "How many people did you get with last night??"
Person 2: "Well..let's just see I got a schlieman flush"
Schlieman Flush by H&S October 10, 2008