A sexual act in which a waterbed is stripped down, doused with your favorite lubricating solution, and then the sex happens.
"Bob, why are you hosing down your mattress?"
"The wife and I had a good old fashioned New Jersey Slip-N-Slide last night."
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when a car goes from the left lane on the highway over to the right lane in one move, with little regard for anyone else on the highway.
Watch out for that white BMW with the orange girl driving. She is going to pull a jersey slide to get off the GardenState Parkway exit for Seaside Heights.