"Take it easy sleezy" or the shorter "easy sleezy" means chill out, don't do it, or behave.
"I'm sooooo hornywasted. I sooooo want to drunk dial my ex. What to do?"
"Take it easy sleezy. That's a to don't."
or
"I'm gonna kick yo ass."
"Easy sleezy. I'll kill you, bitch."
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