Recent advancement in large language models (LLMs) has offered a strong potential for natural language systems to process informal language. A representative form of informal language is slang, used commonly in daily conversations and online social media. To date, slang has not been comprehensively evaluated in LLMs due partly to the absence of a carefully designed and publicly accessible benchmark. Using movie subtitles, we construct a dataset that supports evaluation on a diverse set of tasks pertaining to automatic processing of slang. For both evaluation and finetuning, we show the effectiveness of our dataset on two core applications: 1) slang detection, and 2) identification of regional and historical sources of slang from natural sentences. We also show how our dataset can be used to probe the output distributions of LLMs for interpretive insights. We find that while LLMs such as GPT-4 achieve good performance in a zero-shot setting, smaller BERT-like models finetuned on our dataset achieve comparable performance. Furthermore, we show that our dataset enables finetuning of LLMs such as GPT-3.5 that achieve substantially better performance than strong zero-shot baselines. Our work offers a comprehensive evaluation and a high-quality benchmark on English slang based on the OpenSubtitles corpus, serving both as a publicly accessible resource and a platform for applying tools for informal language processing.

The meaning of a slang term can vary in different communities. However, slang semantic variation is not well understood and under-explored in the natural language processing of slang. One existing view argues that slang semantic variation is driven by culture-dependent communicative needs. An alternative view focuses on slang's social functions suggesting that the desire to foster semantic distinction may have led to the historical emergence of community-specific slang senses. We explore these theories using computational models and test them against historical slang dictionary entries, with a focus on characterizing regularity in the geographical variation of slang usages attested in the US and the UK over the past two centuries. We show that our models are able to predict the regional identity of emerging slang word meanings from historical slang records. We offer empirical evidence that both communicative need and semantic distinction play a role in the variation of slang meaning yet their relative importance fluctuates over the course of history. Our work offers an opportunity for incorporating historical cultural elements into the natural language processing of slang.