A riser conveys fluids from a subsea system to a host floater; however, oil and gas phases may alternate, increasing pipe's stress and damaging downstream facilities. This paper studies the nonlinear planar vibrations of a steel lazy wave riser excited by slug flow. The employed formulations comprise the Euler-Bernoulli beam model and the steady plug-flow model with a time-space-varying mass per unit length in the form of a rectangular pulse train. The equations are solved by a Runge-Kutta finite difference scheme and frequency-response curves are constructed for effective tension, curvature, usage factor and fatigue damage. The results offer a useful insight of the slugging frequencies and slug lengths that may receive attention during the design of risers.