Hyperion used to have a sparse explanation on their website, but now even that has been removed. But here is a thread on the subject which might have some more information about their version of "slab allocation":
http://www.amiga.org/forums/showthread.php?t=46360Edit: I also would like to add, you may want to find a different class or instructor if they're using OS4 as a learning example. There's a real world out there and OS4 isn't part of it.