I have a Panda 300Mbps Wireless N USB Adapter, knowing slackware I'll probably be the first human in creation trying to install drivers for it lol; all jokes aside on Amazon it says: "The Panda PAU05 adapter is plug and play on Slackware 14.2 using "generic" setup and you don't need to install the driver for it". What does the generic installtion mean and how would I go about it? I am still learning and would appreciate some help concerning this.

Presumably they mean its drivers are part of the generic kernel [and therefore huge]. There is no such thing as the Slackware "generic setup". Maybe they mean full install.

It's poor terminology however one looks at it. Just plug it in and it should work.

If it says it's plug and play, then try just plugging it in and seeing what happens. If you have your Slackware installation setup to use NetworkManager, and you're using KDE, you can then search for wireless networks by clicking on the network management options widget in the taskbar. You can also use wicd if you'd prefer.

According to its modinfo output, the rt2800usb driver in the Linux kernel (part of Slackware 14.2 and -current where I checked) supports your Panda PAU05 USB device with ID 148f:5372.

Okay... I had to get a new power supply in edition to other changes and I have to re-install slackware. To make sure I don't mess up my system I have created a USB of slackware-live and it does indeed seem the case what you say is true for I am communicating with you via the liveusb OS. So if I install slackware from this live USB, all-in-all I am assuming the driver will indeed work upon reboot inferring I install in full as instructed from the slackdocs and NetworkManager will indeed work in conjunction with my panada device, correct?

The Slackware Live is based on slackware-current but according to the kernel module info in Slackware 14.2 that should also work out of the box.
You seem to be finding your way around Slackware still, so I would advise against installing Slackware-current (our development version). Which is what you would get if you were to use the 'setup2hd' installer in Slackware Live.
Rather, you should (download and) install Slackware 14.2 on that computer. The wireless device should then work out of the box with NetworkManager.

Also Alien Bob - it's an honor to finally see your input I would like to say I am grateful for all you have contributed to the community. I am currently reading "Advanced Programming in UNIX Environment", what's your opinion of this book?

I am not a programmer so have fun with it.

A veritable bible in its time - I bought my copy in 1996. Stevens was the authority - especially on networking. I'm not sure if more recent editions have kept up the most recent developments in computing & programming but I'm sure it would still be a solid base to work from.

Thanks, I am starting it on my journey to contribute to the Slackware project, while some what dated (not BLEEDING EDGE) it certainly seems the litmus test concerning UNIX and UNIX like programming.

Also Alien was correct, it worked as intended. Thank you guys for your input...