Elarocism

Meaning: Tendency to mix up the letter l with r.
Pronunciation: El-la-ro-cism.
Usage: The Japanese are prone to elarocism as their language has no phoneme equivalent of the English 'l' or 'r'.
Root: El (phonetic L) + A (phonetic R) + -Cism (suffix cueing a state or condition).

Mincetrument

Meaning: A device capable of cutting or chopping things.
Pronunciation: Mins-true-ment.
Usage: Kapil Sibal was used as a mincetrument in the Lok Sabha debate to dice through the shallow arguments of the BJP.
Root: Mince (to cut) + Instrument.

Slowcality

Meaning: Where nothing much changes.
Pronunciation: Slo-cal-litty.
Usage: Nehru's obsession with socialism reduced India to a slowcality.
Root: Slow + Locality.

Fileanthropist

Meaning: A forwarder of interesting files.
Pronunciation: File-lan-thrope-ist.
Usage: The difference between a fileanthropist and a spammer is the benign motivation.
Root: File + Philanthropist.

Shirkular

Meaning: A resignation letter cced to all.
Pronunciation: Shirk-q-lar.
Usage: After the raise freeze, I vented my frustration by posting a colorful shirkular on the bulletin board.
Root: Shirk + Circular.

Lilustrious

Meaning: Eminent at a young age.
Pronunciation: Lil-lust-ri-yus.
Usage: Ajit Tendulkar would have been envious of his lilustrious kid brother.
Root: Lil (small) + illustrious.

Shushpicion

Meaning: Snuffing out suspicion by rounding up the usual suspects.
Pronunciation: Shush-pi-shun.
Usage: Cops enact the charade of shushpicion whenever there is a terrorist incident.
Root: Shush (silence) + Suspicion.

Prophecease

Meaning: Stop forecasting.
Pronunciation: Prof-a-cease.
Usage: I used to predict the results of one-day matches. After the world cup debacle, I've kinda propheceased.
Root: Prophecy + Cease.

Tonguerezi

Meaning: Indians whose mother tongue is English.
Pronunciation: Tongue-ray-zee.
Usage: Tonguerezis are Angrezis with an Indian birth certificate.
Root: Tongue (mother tongue) + Angrezis (the English).

Spockult

Meaning: Rooted in rational thinking. Basically, the antonym of Occult.
Pronunciation: Spock-cult.
Usage: In macro economics, it pays to rely on spockult.
Root: Spock (the star trek character and epitome of logical thinking)+ Occult (concealed).

Sulk Mail

Meaning: The act of not replying to mails as a silent expression of resentment.
Pronunciation: Rhymes with Bulk Mail.
Usage: Sulk Mails work brilliantly with girlfriends.
Root: Self explanatory.

Mian Culpa

Meaning: Husband at fault.
Pronunciation: Me-yaan-cul-pa.
Usage: Bill Clinton's expected to do a 'mian culpa' number while campaigning for Hillary.
Pronunciation: Mian (Urdu for husband) + Mea Culpa (Latin for my fault).

Beeverage

Meaning: Any honey tinged drink.
Pronunciation: Beaver-age.
Usage: Beevarges are highly recommended for infants.
Root: Bee Beverage.

Bopraybop

Meaning: An expression of surprise, awe or shock.
Pronunciation: Bop-ray-bop.
Usage: Bopraybop! You've really bloomed into one buxom woman.
Root: An anglicised form of hindi expression baap-rey-baap.

Specuniary

Meaning: Concerning notional money.
Pronunciation: Speck-queue-ni-ya-ry.
Usage: Market capitalisation is purely specuniary.
Root: Spec (short form for speculative) + Pecuniary (pertraining money).

Dosamosa

Meaning: A dosa with a filling.
Pronunciation: Dho-sa-mo-sa.
Usage: The dosamosa is the future of the dosa.
Root: Dosa + Samosa (a fried snack with a filling).

Unoliteraverb

Meaning: One letter word.
Pronunciation: Oo-know-litra-verb.
Usage: I is the most used unoliteraverb.
Root: Uno (latin for one) + Litera (latin for letter) + Verb (word).

Shrnk

Meaning: To devowelize.
Pronunciation: Sh-r-nk.
Usage: The word devowelization ironically uses vowels. To correct this anomaly I am suggesting the usage of shrnk.
Root: The sms version of Shrink.

Ichthyodipsosis

Meaning: A state when one tends to drink like a fish.
Pronunciation: Ick-theo-dip-sauce-sis.
Usage: My car suffers from ichthyodipsosis. It consumes petrol like there's no tomorrow.
Root: Ichthyo (Greek for fish) + Dipsosis (Greek for excessive thirst).
Note: Hicthyodipsosis will be one pitcher further :-)

Thyagaroger

Meaning: An incompetent carnatic singer.
Pronunciation: Th-ya-ga-roj-err.
Usage: If Subbudu were alive, he'd label the current crop of filmy singers as Thyagarogers.
Root: Thyagaraja (the master composer of carnatic music) + roger (slang for to screw).

Shuttendant

Meaning: A flunkie who finishes off people.
Pronunciation: Shut-ten-dant.
Usage: Suparis are executed by faceless shuttendants from the Bombay underworld.
Root: Shut (Close...slang for finishing people off) + Attendant.

Shoveasana

Meaning: Showing the middle finger.
Pronunciation: Shove-ass-na.
Usage: Chappell assumed the classic shoveasana pose in Kolkata.
Root: Shove-it-up-yours + Asana.

Persecutie

Meaning: A paranaoid bimbo who assumes the world is full of stalkers.
Pronunciation: Persy-QT
Usage: Persecuties feel the need to engage full time bouncers.
Root: Cutie with persecution complex.

Threecasting

Meaning: Forecasting forecasts.
Pronunciation: 3-casting.
Usage: Threecasting astrological predictions gives me an immense kick.
Root: What comes before Fourcasting :-)

Disslam

Meaning: Islam-bashing resorted to by ranters with an agenda.
Pronunciation: Diss-laam.
Usage: Disslam was invented by Karl Rove to help the Republicans.
Root: Diss (to show disrespect) + Islam.