- Slater learned to sail at 3 and was racing at 13. During World War II she crewed on the 56-foot ketch "Lucky Lady" to Mexico to collect shark livers for vitamins for the Army Medical Corps. One Christmas Eve they weaved back into L.A. Harbor through mines, unaware that the pattern had been changed while they were gone.
- On a singlehanded sail to Hawaii she went forward to change a headsail during a squall in the Molokai Channel, fell overboard and was trapped against the hull by the sail for 11 hours.
- Taught Humphrey Bogart to sail. On her advice, he bought his sailboat, "Santana," from another actor, Dick Powell.
- Lived in San Pedro, California on her 43-foot boat, "Valentine".
- On January 5, 1991 Southern California Yachting Association announced and dedicated the Peggy Slater Memorial Trophy, which is to be awarded annually to a female involved in the sport of sailing who best demonstrates outstanding contributions to the enhancement of women's participation in sailing or individual achievement in the sport of sailing. This trophy, an antique binnacle, was a gift from Peggy Slater to her friend Joan Semper of Del Rey Yacht Club, and Joan donated it to SCYA for the creation of a trophy for this award.
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