adjective
meaning cool or trendy, originates from me thinking "sleet" is too cool of a word to describe rain+snow
"hey man you're looking pretty sleet today!"
"dude that was so sleet"
Verb. When financial circumstances prevent one from throwing around dollars but still allow reckless spending of coins.
Shep blew his entire allowance on video games, but he raided his piggy bank so he could make it sleet at the ice cream store.