Aww.. let's be fair here.
Slackware is a fantastic distro. If, as a novice, you want to tinker and fail and tinker some more and gain experience with the inner workings of Linux, Slackware
is a great choice. If you're a pro, Slack is stable as hell and you already know what to do. Does it work 'out of the box' for absolute beginners who just want to point
and click? Not yet (though it's getting better).
I don't see it as cool/leet/etc. It is, IMO, honest. Like a box of Lego - you have the stuff, now try to do something cool with it.
Then again, I love figuring out how stuff works. Slackware + Fluxbox = hours upon hours of frustration, high blood pressure, cold sweats, and finally the reward of understanding how all of it goes together. :)