Heffeminate

Meaning: Having a Playboy bunny like features.
Pronunciation: Heff-fem-min-eight.
Usage: Among the Indian item girls, Mallika Sherawat is more heffeminate than Rakhi Sawant.
Root: Hef (A reference to Playboy magazine's founder Hugh Hefner, who personally picked the Playboy bunnies) + Effeminate (womanly).

Chandrayen

Meaning: Money splurged on space missions.
Pronunciation: Chun-dhra-yen.
Usage: There's always this debate on whether the chandrayen could have been used to feed poor mouths.
Root: Chandrayan (India's moon mission) + Yen (synonymous with moolah).

Brand Coda

Meaning: The abstract musical sign-off appropriated by a brand to strengthen its identity.
Pronunciation: Self explanatory.
Usage: Ting-ting-ti-ting is the brand coda of Britannia.
Root: Brand + Coda (the last section of a musical score).

Lassphemous

Meaning: Offensive to women.
Pronunciation: Lass-fee-mus.
Usage: Beware, lassphemous remarks might be construed as sexual harassment at your workplace.
Root: Blasphemous (profane stuff) + Lass (young woman)

Lorem Lipsome

Meaning: A typeface with oomph.
Pronunciation: Low-rem-lip-sum.
Usage: The layout looks so drab now. Why don't you sex it up with some Lorem Lipsome?
Root: Lorem Ipsum (standard body of text used by typographers) + Lipsome (kissable).

Azhagrease

Meaning: Buying votes through cash bribes.
Pronunciation: Sounds like Azhagiri's.
Usage: The simplest way to win an election is to azhagrease the constituency.
Root: Derived from M.K. Azhagiri's legendary techniques to max an election.

Cashtrol

Meaning: Bribe money paid to speed up a process.
Pronunciation: Cash + Trawl.
Usage: If you want to cut the red tape, nothing works better than cashtrol.
Root: Cash (money ) + Castrol (lubricant).

Wetrapak

Meaning: Water-proof packaging.
Pronunciation: Wet-ra-pack.
Usage: The power of wetrapak will be realised when underwater malls will make an appearance.
Root: Wet + Tetrapak.

Spurloin

Meaning: Instigate someone to steal.
Pronunciation: Spur-loyn.
Usage: There are many political parties in India that spurloin their ministers to fill the coffers.
Root: Spur + Purloin.

Lessignation

Meaning: The new designation after being kicked downstairs.
Pronunciation: Lezig-nation.
Usage: P. Chidambaram's less-than-satisfactory performance as Finance Minister earned him the lessignation of Home Minister.
Root: Lesser + Designation.

Riposterous

Meaning: A thoughtlessly stupid knee-jerk reaction.
Pronunciation: Rip-pose-therus.
Usage: Those who have their brains in the rear are known to be riposterous.
Root: Riposte + Preposterous.

Kalpachrome

Meaning: The hue you have in your mind.
Pronunciation: Cull-pa-krome.
Usage: If I could decode your kalpachrome, I'd be da Vinci.
Root: Kalpa (Sanskrit for Imagine) + Chrome (Greek for colour).

Gaandiloquent

Meaning: Using excessively crass language.
Pronunciation: Gaand-di-low-kwent.
Usage: When in Delhi, menfolk tend to get gaandiloquent.
Root: Gaand (the rear in Hindi slang) + Grandiloquent.

Shalltruistic

Meaning: Selfish but potentially unselfish.
Pronunciation: Shall-true-is-stick.
Usage: The shalltruistic in us comes to the fore only during an earthquake or a tsunami.
Root: Shall + Altruistic.

Boonjocks

Meaning: The very rustic underwear.
Pronunciation: Boon-jox.
Usage: The tamil komanam is a type of boonjocks.
Root: Boondocks + Jocks.

Morong

Meaning: A not so smart person who is always wrong.

Pronunciation: Obvious
Usage: You morong! Obviously you shouldn't put a lighted cigarette into your fuel tank.

Root: Moron + Wrong

(Minted by Vipin and Kirti)

Addictator

Meaning: Continuously listening to someone who is always telling you how you do something.
Pronunciation: Add-dic-tate-tor.
Usage: Errr..... all wives are addictators
Root: Addict + dictators.

Word coined by Koushik Udayashankar.

Sindicator

Meaning : A machine that rates your level of sin.
Pronunciation : Sin-decay-ter
Usage : She looked at me and the sindicator started beeping madly
Root : Sin + Indicator

Word coined by Koushik Udayashankar.

Insomaniac

Meaning: One who wanders about throughout the night doing crazy things.
Pronunciation: In-som-ne-yak :)
Usage: The police are having a hard time controlling the insomaniacs on the beach.
Root: Insomnia + maniac.

Word coined by Koushik Udayashankar.

Rajuicing

Meaning: Sexing up the accounts to make a company look attractive to the stock market.
Pronunciation: Ra-joo-sing.
Usage: This is not the first time Price Waterhouse has been accused of Rajuicing.
Root: Raju (After Ramalinga Raju, the head of Satyam Computers, who confessed to tinkering with accounts) + Juicing Up.

Freeoccupied

Meaning: Generally jobless, but acting busy.
Pronunciation: Free-ok-q-pide.
Usage: Management trainees have a torrid time acting freeoccupied.
Root: Free + Preoccupied.

Blastard

Meaning: A kid who lost his dad in a bomb attack.
Pronunciation: Blah-sturd.
Usage: Al Qaeda has spawned a thousand blastards.
Root: Blast + Bastard (a child who doesn't know his father).

Voodoo Terrorism

Meaning: Instigating terrorism without soiling one's hands.
Pronunciation: Obvious.
Usage: Pakistan's voodoo terrorism tactic might appear to be working for now. But sooner or later, the hands that control the remote will have to face the consequences.
Root: Voodoo (holding magical power over adherents) + Terrorism.

Buzzquito

Meaning: Someone who uses pesky tactics to create a buzz for his/her pet project/cause/brand.
Pronunciation: Rhymes with Mosquito.
Usage: Buzzquitoes are famous for gatecrashing into blogs with their comment-bot kinda comments.
Root: Obvious.

Hopinion Polls

Meaning: Doctored polls that hope to create an impression of invincibility for a party or a candidate.
Pronunciation: Ho-pee-ni-yun pollz.
Usage: The electorate will not be be fooled by Hopinion Polls. They have a mind of their own.
Root: Opinion Polls based on nothing but hope.