The wmdrawer was a great application for the fluxbox slit. I used this instead of trying to have icons on the desktop. It worked great. Otherwise, the slit was not much use for me.
From what I could tell, the slit was where a program would be hidden, until your mouse went over it. At this point, the dockapp would emerge as if coming out of a slit. Packages with the prefix "wm" seemed to work. Mark