No, it's antithetical to stripslashes.
MySQL, the relational database language/system, will truncate a text item containing an apostrophe or single quote, and may have trouble with some other characters. The addslashes() function 'escapes' these characters by adding a slash () [actually a backslash, I guess <?>] in front of them, and then MySQL will accept the text without cutting it off.
When you get text from a MySQL db, then you want to use the stripslashes() function to remove the slashes from the 'escaped' characters unless you want your text to display like this:
Hey, dude, it\'s a great day isn\'t it?
HTH, 🙂