Gotta do something about that name first.
And while you're at it, do something about that name, too.
It was named that by the silly, little, British cooking show host Jamie Oliver. There's nothing wrong with the stuff and, now, not only will people probably be put out of work, low-cost ground beef will no longer be available.
Just because some people don't like something, it doesn't mean it must go out of production. This whole "pink slime" business is just another uninformed fad against a harmless substance.
I would just change the nomenclature from “slime, pink” to “dogs, hot”.