An improved slot fastener is provided, which may be toollessly installed, adjusted or repositioned, and uninstalled. The slot fastener includes a body having a surface, a head extending from the surface of the body, and a pair of clips, each clip being disposed at opposing lateral sides of the head. Each clip includes a flange that project laterally outward from the opposing lateral sides of the head, and a handle that projects outwardly from opposing lateral sides of the body. The clips are adapted to pivot laterally relative to the head in response to movement of the handle to alternate the slot fastener between an engaged configuration and a disengaged configuration. Methods of installing the slot into a channel of a component and adjusting the slot fastener along the channel, and an assembly including the slot fastener installed within the channel of the component, are also provided.