Valuecination

Meaning: Perception of something being valuable without any intrinsic basis.
Pronunciation: Val-you-sin-nation
Usage: If GMR were to consider Delhi Daredevils as paisa vasool, then it's got to be a crystal clear case of valuecination.
Root: Hallucination about value.

Mian Culpa

Meaning: A handy phrase for wives that translates to 'my husband's fault'.
Pronunciation: Me-ya-cool-pa.
Usage:  The burnt toast wasn't me. Mian culpa!
Root: Mian (Urdu for 'husband') + Mia Culpa (latin for "my fault")