What happens if a slug is already taken?

GoloLink tells you immediately and suggests alternatives.

Your golo.to links also work on your own custom domains, so within your account one slug means one link. If the slug you typed is already taken, GoloLink flags it as you type and suggests a few close alternatives. Pick one of those, try a different domain, or edit your own slug until it's free. If it's only taken on golo.to and is free on your default domain, GoloLink says so and creates the link on your domain instead.