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What is a pink slip?

What is a pink slip? Here are some definitions.

Noun
  1. (metonymy) Notice of termination of employment.
  2. (US) The title for an automobile.
  3. (Australia, New South Wales) An automobile roadworthiness inspection certificate.
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Examples
I intend today's post to answer several lingering questions about what happened yesterday when I lost my job and about events that led up to the final pink slip.
This is of small comfort to the hundreds of families who have found themselves with a pink slip instead of a paycheque this week.
Like the pink slip provided by authorised mechanics certifying a motorist's car is roadworthy, a Certificate of Class has been awarded.
Hmas Stuart one of the Royal Australian Navy's newest warships has been given her pink slip.
So after I was given the pink slip, I decided that a small gourmet shop specializing in pasta seemed the right thing for me to try.
Hedda is always in a pink slip, sometimes covered with a loose black robe, and generally unshod.

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