Budjet

Meaning: An economy aircraft.
Pronunciation: Same as budget.
Usage: Air Deccan has built its business model on budjets.
Root: Budget + Jet.

Ampersaand

Meaning: The collective noun for bulls.
Pronunciation: Am-per-saa-nd.
Usage: A cattle of bulls sounds so sissy compared to an ampersaand of bulls.
Root: Ampersand (Conjunction) + Saand (Hindi for Bull).

Contortoys

Meaning: Transformer toys that can be tweaked into any shape or form.
Pronunciation: Cunt-tor-toys.
Usage: Human beings are the contortoys of the children in heaven.
Root: Contort (to twist) + Toys.

Partshala

Meaning: Part-time school.
Pronunciation: Part-sha-la.
Usage: Future Universities will earn a large part of their revenues by instituting partshalas in all streams.
Root: Part + Paatshala (Hindi for School).

Judwa Shabd

Meaning: Synonym.
Pronunciation: Ju-d-va Sha-b-dh.
Usage: Coword is a judwa shabd for synonym.
Root: Judwa (Hindi for Twin) + Shabd (Hindi for Word).