What is Sallie?
1.
Excess funds from a school or education loan administered by Sallie Mae Corporation. While supposed to be used for living expenses, students then use this money to go out drinking or other non-education related pursuits.
"Hey, Lemme get this round of beers. Sallie's buying."
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2.
Any member of Phi Psi when referred to by another male, or educated female.
Damn, those Sallies across the street are lame.
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