Try doing the following in a Slime REPL buffer, in SBCL:
Type (/ 1 0), entering SLDB
Type E, get prompted for a form to eval
Type (aref nil 0), entering a recursive SLDB
Type 0, to return to the outer SLDB.
Fails: Swank tries to evaluate *sldb-stack-top* but it is unbound.
-- Dan