Knowledge of slang is a desirable feature of LLMs in the context of user interaction, as slang often reflects an individual's social identity. Several works on informal language processing have defined and curated benchmarks for tasks such as detection and identification of slang. In this paper, we focus on queer slang. Queer slang can be mistakenly flagged as hate speech or can evoke negative responses from LLMs during user interaction. Research efforts so far have not focused explicitly on queer slang. In particular, detection and processing of queer slang have not been thoroughly evaluated due to the lack of a high-quality annotated benchmark. To address this gap, we curate SLAyiNG, the first dataset containing annotated queer slang derived from subtitles, social media posts, and podcasts, reflecting real-world usage. We describe our data curation process, including the collection of slang terms and definitions, scraping sources for examples that reflect usage of these terms, and our ongoing annotation process. As preliminary results, we calculate inter-annotator agreement for human annotators and OpenAI's model o3-mini, evaluating performance on the task of sense disambiguation. Reaching an average Krippendorff's alpha of 0.746, we argue that state-of-the-art reasoning models can serve as tools for pre-filtering, but the complex and often sensitive nature of queer language data requires expert and community-driven annotation efforts.