East coast street slang for acid also known as LSD. Sleet can also be used as a verb.
Michael: Whatchu gon do later today Germ?
Germ: I dunno, prolly take some sleet.
A term to describe something outdated or out of style. Derived from the word ‘Obsolete’
“That outfit is sleet. I can’t believe I used to wear stuff like that.”