It's hard to believe that some people ACTUALLY take pride in living in the slums. They sure must love the poverty, violence, and poor educational system of such an environment.
Something that someone says when they are excited, looking to be annoying, or just being awesome. It is also a versatile word, used for anger, happiness or anger. Synonyms can be added to make it cool. Ex. Slumtastic, Slumeriffic. Even words such as slumblebee, aslumni.