I found your answer here:
Why
Does the SLIP Light Come on?
The SLIP light represents the vehicle's traction control program. When
illumiated it takes over control of throttle and braking based on input
from a myriad of sensors. The VDC (traction control) is initiated by
wheel slip, yaw and any other factors that make the computer think you're
on the verge of loosing control of the vehicle. There have been a lot
of complaints about the G35's VDC being too interferring and actually
causing harder driving conditions. The VDC can be turned off via a switch
to the lower left of the steering wheel (useful if trying to pull out
of a snowy spot when wheel spin is necessary, or "spirited"
accelerating). Even with the VDC turned off, however, it will still
kick in if it detects substantial loss of control. NOTE: if you plan
on racing, turn the VDC off. Otherwise it will ****** the throttle when
you chirp the wheels from 1st to 2nd gear.
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same thing happens and the car really slips several feet and im thinking that it is a real problem im afraid that i will loos control on some curb if i drive Little faster
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