Smalldives

Meaning: Tiny island resorts.
Pronunciation: Small-dee-ves.
Usage: The future of time share lies in developing thematic smalldives.
Root: Small + Maldives.

Shovezatt

Meaning: Showing the middle finger.
Pronunciation: Shuv-zat.
Usage: Greg Chappell was forced to shovezatt a pesky spectator who was sledging him.
Root: Shove + Zatt (that).

Deja Woe

Meaning: That sinking feeling.
Pronunciation: De-jaa-woe.
Usage: Whenever the middle order starts to fail for Delhi Daredevils, I get this biting sense of Deja Woe.
Root: Deja vu + Woe.

Pursepire

Meaning: A severe drain on the wallet.
Pronunciation: Purs-pi-ire.
Usage: The dinner bill at Hip Asia made me pursepire.
Root: Purse + Perspire (to sweat it out).

Shequency

Meaning: Ability to think like a woman.
Pronunciation: Shee-kwen-see.
Usage: If you have the shequency, you'd be like Mel Gibson in What Women Want.
Root: She + Frequency.

Serendipati

Meaning: A husband, by accident.
Pronunciation: Ser-ren-dip-path-thee.
Usage: Sunil Dutt was Nargis's Serendipati.
Root: Serendipity + Pati (Hindi for husband).

Pressipitate

Meaning: Causing a crisis by sensationalizing an innocuous incident.
Pronunciation: Rhymes with precipitate.
Usage: The Aamir-Shah Rukh rift was pressipitated by a lead article in the Times of India.
Root: Obvious.

Freeconcile

Meaning: The mental adjustment (as in lowering of expectations) one makes, when something is dished out for free.
Pronunciation: Rhymes with reconcile.
Usage: When I began complaining about the picture quality of the TV given to me by the DMK government, my friend quipped, "Muft mein mil saale freeconcile kar le."
Root: Obvious.