What is a slingshot trade?

Excuse me, could you please explain to me in simple terms what exactly is a slingshot trade in the context of cryptocurrency trading? I've heard the term being used, but I'm not quite sure how it works or what strategies are involved in executing such a trade. Is it a specific type of trade that's commonly used among traders, or is it more of an advanced technique? And what are the potential risks and rewards associated with it? I'd appreciate it if you could clarify these points for me.