% VIP is an abbreviation of the phrase very important person. 

or V.I.P. [ vee-ahy-pee ] show ipa. Informal. very important person.

A slasher film is a subgenre of horror films involving a killer stalking and murdering a group of people, usually by use of bladed or sharp tools such as knives, chainsaws, scalpels, etc.

Slasher films are a genre of horror most popular from the late 50s to the early 90s, defined by its use of a generally masked killer harassing and murdering groups of people.