Ouchalay

Meaning: A badly maintained loo that hurts all your senses.
Pronunciation: Ouch-cha-ley
Usage: Indian Railways must be given the credit of fathering a zillion ouchalys.
Root: Ouch (an expression of displeasure) + Shauchalay (Hindi for toilet).

Staringytis

Meaning: Tired irritated eyes due to constant gaping at the computer screen.
Pronunciation: Stare-rin-jy-tis.
Usage: The only cure to staringytis is get back to the real world and its real problems.
Root: Staring (to gaze intently) + -itis (suffix used to denote inflammation of an organ.)

Holy ray!

Meaning: An exclamation of celebration used mostly in India.
Pronunciation: Ho-lee-ray.
Usage: As CSK won the IPL6, Chennai went holy ray!
Root: From 'holi re', the cries of celebration heard during the Holi festival.

Kihuahua

Meaning: A dog of unknown pedigree.
Pronunciation: Key-wah-wah.
Usage: One day when I was driving past the central station, I came across an adorable kihuahua entreating me to take her home.
Root: Ki (Bengali for 'what') + Chihuahua (a breed of dog) = What breed is this dog?

Tressposer

Meaning: One who wears a wig.
Pronunciation: Tress-pose-sir.
Usage: The dream sequence featured tressposers in electric blue gyrating to Bollywood beats.
Root: Tress (lock of hair) + Poser (one who acts the part).

Brewitty

Meaning: Showing proficiency with one liners and word play.
Pronunciation: Brev-wit-tea.
Usage: The Amul hoardings totally relies on the ability of the writer to show some brewitty.
Root: Obvious.

Moanologue

Meaning: Crib session.
Pronunciation: Moan-no-log.
Usage: It's appraisal time. Get ready to be dragged into moanologues.
Root: Self explanatory.

Heavisceration

Meaning: Removal of fat using surgical procedures.
Pronunciation: Heavy-sa-ray-shun.
Usage: The flabby government badly needs to undergo an urgent heavisceration.
Root: Heavy + Evisceration (operating out internal parts)

Sherial Killer

Meaning: A woman who has broken many hearts.
Pronunciation: She-real-killa.
Usage: If I had the powers, I'd launch an insurance scheme for victims of sherial killers.
Root: A woman with killer looks and serial boyfriends.

Linked Ingineering

Meaning: The science of social climbing using networking.
Pronunciation: Linked-engine-near-ring.
Usage: Novices in linked ingineering will have to settle for the wooden spoon in the rat race.
Root: LinkedIn (the site for business networking) + Engineering.

Scooperman

Meaning: One with many big exposés to his credit.
Pronunciation: Scooper-man.
Usage: In the absence of investigative journalism, Arvind Kejriwal has emerged as the scooperman of our times.
Root: Scoop (a news exclusive) + Superman