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1. A gathering of slackers large or small. Can be positive or negative.
2. A group of persons who are supposed to be working but are not.
3. A group, comapny, or any organization that accomplishes nothing.

1. Duuuuuuuuude, come on over, Adam is here with his PS2, a four-foot bong, and an eighth of orange chronny-chron. It's an awsome slackfest!

2. Hey, I told you guys to re-do those purchase orders yesterday! This isn't a slackfest dammit!

3. Did you hear about the slackfest happening at SuperCorp? They're going totally bankrupt!
by nooneofanyimportance November 23, 2005
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