Eric,
I think this sort of started off in the middle of something. The reference to slipping and skidding was, more appropriately related to maneuvering flight close to the ground, not to a straight in landing approach, as you describe.
The deal with a slip is that the roll goes one direction, the yaw goes the other direction. As supercubber notes, a stall/spin out of this configuration really gives you quite a bit of warning and time to fix it before it gets upside down.
A skid, on the other hand, by definition is a roll and a yaw both in the same direction, ie: a yaw-roll couple. A spin, by definition is a yaw-roll couple. Enter one of these close to the ground, and as the man said, you are on your way to a wreck.
There are a few points that need to be made here.
First, the FAA put turns about a point into the private pilot PTS so we'd learn to maneuver our aircraft around a traffic pattern, recognizing the effects of wind. Its just that it takes less time to see the effects of wind in a circle than it does in a full traffic pattern.
Turns about a point were NEVER intended to instruct you how to look at things on the ground, and yet every pilot in the free world who doesn't spend a lot of time close to the ground thinks the way to look at stuff on the ground is to do a turn about a point. This is simply the quickest way to make a small smoking hole there is. Remember, turns about a point in the FAA PTS are done at 800 to 1000 feet, or traffic pattern altitude. You want to look at something on the ground, you're down at 200 or 300 feet. Things are different down there, and Turns About a Point are pretty grim that low.
Better to use a racetrack pattern or a figure eight or even 270s for this purpose.
A little extra speed may or may not help, by the way. Let's say your airplane (a Cessna 170) stalls at 54 mph. So, being a good believer in FAA doctrine, you select 1.3 Vso for your circling maneuver. So, you're going to circle at 70 mph, a good safe speed. But, remember, the load factor doubles at 60 degrees of bank. You're only using 45 degrees of bank, though, so the stall speed of the plane is now, say 62 mph. Now, you encounter a bit of a gust, and by the way, those dang droop wingtips the prior owner installed just blocked out your view of the critter, so you skid the tail around just a bit with rudder to get the tip out of the way. Now, you have slowed to 65 in the gust deceleration, you've increased the bank angle and you have induced a skid. About this time, you encounter your own wake from circling.
BOOM!!!! Under the left wing goes, and you are now the occupant of a small smoking hole.
That is how at least some moose stalls occur, I think.
There are no doubt many other ways to get there, though.
Don't believe it can happen to you? I can show you the grave markers of some good friends who I personally knew as very accomplished pilots, with a lot of flight hours, who died in these things.
Don't believe for a moment that just stacking on a few extra knots will prevent all of these things. It may help, but it won't prevent them completely. They are the result of a lot of factors adding together, just like a lot of aviation things are.
MTV