Not so gullible after all are you.

You are correct, it's actually a reference to highly processed "pink slime meat" made by taking low quality meat meat scraps, chemically sterilizing them within an inch of their life and forcing them through a fine mesh at high pressure, then forming the resulting homogenized slime into a shape that vaguely resembles a real cut of meat. You know, low quality hot dogs, chicken cutlets and nuggets, hamburger, that kind of thing. Stuff that is technically "meat" but mostly the stuff you'd only eat if you were desperate.

Totally fucking with you 😆