Abstract:Warning: this paper contains content that may be offensive or upsetting. Considering the large amount of content created online by the minute, slang-aware automatic tools are critically needed to promote social good, and assist policymakers and moderators in restricting the spread of offensive language, abuse, and hate speech. Despite the success of large language models and the spontaneous emergence of slang dictionaries, it is unclear how far their combination goes in terms of slang understanding for downstream social good tasks. In this paper, we provide a framework to study different combinations of representation learning models and knowledge resources for a variety of downstream tasks that rely on slang understanding. Our experiments show the superiority of models that have been pre-trained on social media data, while the impact of dictionaries is positive only for static word embeddings. Our error analysis identifies core challenges for slang representation learning, including out-of-vocabulary words, polysemy, variance, and annotation disagreements, which can be traced to characteristics of slang as a quickly evolving and highly subjective language.