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anus slip 

n. The result of a wardrobe malfunction involving the tiny, weird short-cut shorts designed to display underbutt that 60% of the female population of Los Angeles wear on Sundays. Usually associated with brunch.
Remember Janet Jackson's nip slip during the superbowl?

Yeah, but check it out, dude: the nip slip is dead. Did you catch Miley Cyrus' anus slip on instagram?
anus slip by PaceEdwardJamesOlmos September 29, 2013
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slip and bleed from the anus

the fun childhood game of Slip and Slide where you put a piece of yellow plastic on the front lawn, covered it with water, run and slide accross it. However, Slip and Bleed From the Anus is the same game, but dad forgot to check for rocks beofre he set it down.
"...this game would have been much more fun if dad had remembered to check for rocks before he set it down. Slip and Bleed From the Anus they should have called this game!"

slip n' bleed from the anus 

Is what they should have called the slip n' slide, would have been fun if dad checked for rocks.
Dane: "watch this ma'" *pttth, NOOOOOO! AHHHH!!!

Slippin out the anus 

A term used for when you or one of your homies is fucking up in some sort of aspect of his or her life.
Me: Bro did you see Austin was late for work this morning?
Friend: Yea dude he’s been slippin out the anus lately