- pink slip
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1. n. a piece of paper giving notice of dismissal from employment; any dismissal from employment.□ I got a pink slip today. I guess I had it coming.□ I hope I don’t get a pink slip. I need this job.2. tv. to dismiss someone from employment. (See also pink-slipped.)□ They pink slipped the whole office force today.□ If your work doesn’t improve, I will be forced to pink slip you.3. n. a learner’s permit for driving an automobile. (In some U.S. states.)□ You can’t even drive in your own driveway without a pink slip.□ He wrecked the car one day after getting his pink slip.
Dictionary of American slang and colloquial expressions. 2015.