You shit out of luck if niggas catch you slippin

from 50 Cent – In My Hood Lyrics on Rap Genius

Meaning

Being caught “slippin'” means you’re not aware of your surroundings even though danger is emanate and around you. You have to constantly be ready for any incoming danger or else someone’s gonna get you.

Remember kids; never slip, cause if you slip then you’re slippin'.

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