A Pink Slip is a drug certificate that enables you to get quantities of drugs for free from a dealer(s). Usually they go in rankings from red to the highest being pink.
Joe: Hey where's my stuff man
Dealer: Ain't got it bro I'll write you a pink slip so you get some free shit from the boss.
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(Adjective) Having great muscle mass.
Dude Sylvester Stallone is so jaundice in Rambo!
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