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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

schlicknic 

When you take a chick on a picnic and then the two of you schlick her. Based on the onomatopoeia "schlick", which is a term for female masturbation.
Your mother and I went on a schlicknic this morning.
schlicknic by Albert McAlbertson December 17, 2008
1. n - The act of female masturbation.
2. Onomonopaea - The sound associated with female masturbation.
When those chicks saw my photo, I could hear them schlicking in the other room.
schlick by Anonymous April 12, 2003

doniac schvice 

Now-defunct official phish newsletter, put out to make sure we all got our mailorders in on time. had mike's corner, always some wierd stuff to read. Maby it still exists, i haven't gotten one in a long while.
Did you bring the mailorder form from that latest Schvice?
Sclice is a term used primarily on the west coast among the attendees of Arch Angel Michael. It is a versatile word which is often reported to be used to convey negativity, however, many will state that it may be used on any occasion with no distinct connotation. In actuality is means nothing in particular and may have been invented by a priest.
Probable examples:

I had no idea you guys were throwing me a birthday party. You totally scliced me!

That cross over Kobe made was sclice!

Improbable examples:

What?! They're out of pepsi? I guess I'll drink sclice...

If you don't wash your hair you might get sclice.
Sclice by This is Brooklyn January 30, 2010

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