A "slut farm" is an alcohol-serving establishment frequented often by easy women and girls with low standards.
Guy 1: Dude, what are you up to tonight?
Guy 2: I'm headin' out to Crazy Horse.
Guy 1: Don't go there dude, it's a total slut farm.
Guy 2: Yeah, you're right, my boy Mike took one for the team last time.
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