This term means $1000 this term is used mostly by people from Detroit for example : rapper T-Grizzly used this term in is song (2 vaults) saying “raff simons cast me 5 slips”
A game where each opponent must place his own penis in to his anus to score points, often played to five. Also know as 'Rim King' as in "I am the Rim King!"
"Fancy a game of slips mate?" "Nah I had a lenghty 0-0 draw lastnight!"