I thought I'd scribble a few thoughts on this most useful of techniques.
What is it?
Side-slipping is flying the aircraft "sideways" putting it into a very high drag condition for a given airspeed.
What's it for?
To either rapidly reduce speed, or to steepen descent-rate without increasing airspeed, or both. It's especially useful if you're "hot" (too fast) coming into land, as you can bleed off energy very quickly with this technique.
How does one side-slip?
Roll on about 30 degrees bank with ailerons, then feed in sufficient opposite-rudder to prevent yaw (turn), controlling your airspeed with pitch attitude. If you start to yaw (turn) in the normal sense for a banked attitude, then feed in more opposite rudder. If you start to yaw the other way, reduce opposite rudder. With practice you should be able to roll to over 45 degrees and keep the aircraft straight with opposite-rudder, once you've mastered it at 30 degrees. Not all aircraft have sufficient rudder authority to negate the yaw caused by the bank.
What are the dangers?
Side-slipping is what's known as flying "cross-controlled", and if cocked-up badly, this can induce a spin, especially if one allows the speed to diminish too much whilst flying with power-on. This leads to a power-on spin entry, which is the most vicious departure to the spin from controlled flight. If you find either that you are yawing, or rolling, then re-centralise both ailerons and rudder, and re-establish with less bank on. Side-slipping aircraft with rotary engines, such as the Camel, is more difficult, especially if power-changes are involved. Master it first on in-line engine aircraft.
For this reason, when practicing side-slipping, do start at a reasonable altitude, and with practice you'll get to the point where you can employ a little side-slip just before the flaring for landing, to bleed-off any surplus speed. Another benefit of being able to sideslip, is if you want to lose a great deal of height quickly, without over-speeding the engine rpm, or shock-cooling the engine.
How to practice?
Start by picking a terrain feature well ahead, then roll and feed in opposite-rudder to keep the aircraft moving in a straight line towards it, remembering to lower the nose to maintain an adequate airspeed. If the terrain feature remains stationary in your view, neither moving left or right (in yaw) or in aspect (in roll), then you're in a stable side-slip. Once you've cracked this, practice side-slipping to an airfield from altitude. My method here is to approach the airfield in my 1 o'clock, then roll left, feeding in right-rudder. In this way I'm lifting the starboard wing, and maintaining a good view of the airfield to my right. All I need to do then is make the turn from base to finals rolling to the right, and relaxing some - but not all - of the right-rudder. Bear in mind that flying cross-controlled near to the ground is a recipe for pranging, so keep movements precise and gentle.
A word of
caution to "real pilots". Side-slipping modern aircraft is something that should be taught by a qualified and experienced instructor. Many aircraft: Cessna 150's, 152's (particularly) are not recommended for side-slipping with flaps deployed, because the lateral forces can cause the flaps to jam, or even deploy asymmetrically (
very bad!). It is emphatically not something to "teach yourself to do" as if it goes pear-shaped you'll be spinning.