It is a slang word that is used enough for people to understand the meaning of it, but not really used everyday in normal conversation.
In one way to use the word would be "He is slick". This would largely mean, you are to watch out for this man, he is not entirely honest in how he deals with people.
Example: If you were to buy a car from him, he would never give you a proper answer of where he got the car from, or how long he had the car, or if it was ever in an accident or if it is his to sell. So, leaving you feeling very uneasy in buying the car from him.