Perhaps the biggest slang term of the year was "bae," which is a shortened form of "babe" and also an acronym for "before anyone else." The word is used as a term of endearment for a significant other, or sometimes about food or things you just really like. Pharrell made use of the popular word in his song "Come Get It Bae."
Standing for "that ho over there," thot was a huge term in hip hop culture that crossed over to the mainstream in 2014. Although several people have added meanings to the word, the basic definition is just a promiscuous girl.
The other huge term mostly used for women in 2014 was "basic." Basic girls came to be defined as girls who like the things that every girl stereotypically likes, therefore coming off as having no real defining character traits. Popular basic interests are Starbucks, Ugg boots, "Sex & the City," and Instagram filters.