The point of intoxication, after feeling tipsy and before being drunk, in which you feel the need to share embarrassing stories of prior intoxication usually pertaining to sexual encounters. Being slizzz may also result in the unintentional exposure of body parts due to the loss of clothing while being slizzz.
"This one time at a party you won't believe what I did! hahaha OMG put your shirt back on!"
"Oh whoops I didn't even notice because I'm so slizzz!"