Cool itself, unless you are using it to mean mildly cold, is a
slang word. Just because it is old slang doesn't mean that it is
not still slang.
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How can it be unsafe? Slang is just talking.
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It is impolite and discriminatory to use slang names for
people/a culture. I suggest that you forget it learning such
things, so I refuse to tell you even though I know it. Think about
how you want to be called by others before you call someone a slang
name.
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The Slang term for a fifty cent coin is a half a buck or 4
bits.