Hallucinogent

Meaning: A lotus eater.
Pronunciation: Hal-lew-sin-no-gent.
Usage: The only way I can hope to paint like Dali is to become a hallucinogent.
Root: From hallucinogen (a drug that causes hallucinations) + gent.

Keptomaniac

Meaning: A habitual stealer of mistresses.
Pronunciation: Kept-toe-may-ni-yak.
Usage: Don't introduce your chick to him, he's a keptomaniac.
Root: Derived from Kleptomaniac. Kept here refers to 'a mistress or one who's kept well in exchange for sexual favours'.

Goodie Governance

Meaning: When a particular government's way of functioning is to give freebies to the public in the hope of retaining power during the subsequent elections.

Pronunciation: Goo-dee Governance

Usage: Goodie governance is a practice passed on to the PAAP by the Congress.

Root: Self Evident

Loopus

Meaning: When you start experiencing Deja vu over and over again.
Pronunciation: Loop-us.
Usage: With Loopus, your life becomes one long groundhog day.
Root: Loop + Lupus (a chronic disease).

Jungoism

Meaning: War mongering.
Pronunciation: Jung (rhymes with chung) - go-ism.
Usage: Arnab Goswami is a celebrity practitioner of jungoism.
Root: Jung (Urdu for 'war') + Jingoism (extreme patriotism)

Lungijams

Meaning: Pyjamas stitched out of lungis.
Pronunciation: Loong-ghee-jams
Usage: One way to extend the product life cycle of Lungis is to launch Lungijams for the international market.
Root: LUNGI + pyJAMaS

Aciditty

Meaning: Song composed under the influence of hallucinogenic substances.
Pronunciation: Acid-dit-tea
Usage: Lucy in the Sky with Diamonds by Beatles is one of the more famous aciditties.
Root: Acid (slang for drugs) + Ditty (song).
Another meaning: Aciditty is also the belching, burping sounds one makes due to acidity.

Eastrogen & Westrogen

Meaning: The mystery element that makes us either eastern in orientation or western.
Pronunciation: East-trojan & West-trojan.
Usage: Narendra Modi has more eastrogen in him than westrogen.
Root: Eastrogen is a play on Estrogen (the hormone that promotes the feminine nature. Westrogen is an improvisation of Eastrogen.

Bollygamy

Meaning: Bollywood style wedding.
Pronunciation: Ball-lee-gam-me.
Usage: Increasingly, many couples in the West are opting for Bollygamy.
Root: Bolly (short for Bollywood) + -gamos (Greek suffix for marriage).

Hobbytuarist

Meaning: One who spends a lot of time, writing off others.
Pronunciation: Hobby-choo-war-ist.
Usage: Those who do nothing with their lives, turn hobbytuarists.
Root: Hobby + Obituarist.

NaMonopoly

Meaning: Reducing a mass-based party into a one-man show.
Pronunciation: Namo-nop-poly
Usage: In six months, the BJP will be a NaMonopoly with no role for moderates and anyone with a sphere of influence.
Root: NaMo (the name of a political leader)+ Monopoly

Superhyperultratouchy

Meaning: One who takes offence at almost anything.
Pronunciation: Soo-pa-high-pa-ull-tra-touch-chee.
Usage: In a land full of the superhyperultratouchy, there can be no stand-up comedians.
Root: Self explanatory.

Manyfesto

Meaning: Releasing multiple manifestos that cater to different segments of the electorate.
Pronunciation: Men-nee-fest-toe
Usage: AAP pioneered the idea of manyfesto in the Delhi Assembly elections in 2013.
Root: Many + Manifesto.

Capitalite

Meaning: One who bankrolls parties thrown for socialites. And hence makes it to Page 3.
Pronunciation: Capital-light.
Usage: Subbi Rami Reddy is a well known capitalite.
Root: Quite obvious.

Sayonari

Meaning: A lady who dumps men.
Pronunciation: Sa-yo-na-ree.
Usage: In a polyandrous society, the sayonari would be every man's ideal. 
Root: Sayonara (Japanese for goodbye) + Nari (Hindi for woman).

Ascetic Acid

Meaning: Mind altering substances used by sadhus
Pronunciation: Self explanatory.
Usage: Come Kumbh Mela or Shivratri, the demand for ascetic acid skyrockets.
Root: Ascetic (a hermit) + Acid (Slang for hallucinogens).

Trikalyatri

Meaning: Time traveler.
Pronunciation: Three-kaal-ya-three.
Usage: Trikalyatris are not a figment of our fertile imagination. For all you know, they may be the faceless crowd we never bother to see.
Root: Trikal (Hindi for past, present and future) + Yatri (Hindi for traveler).

Andhraoid

Meaning: An alien (from Andhra) working or living in Telengana.
Pronunciation: Aan-dhroid.
Usage: The leaders of the Telengana movement are clear that they wish to treat Andhraoids as second class citizens.
Root: Andhra (short form for Andhra Pradesh, a state in Southern India)+ -oid (suffix meaning 'resembling').

Echonomist

Meaning: An amateur with no academic qualifications who passes himself off as an economist.
Pronunciation: Ecko-norm-mist.
Usage: There are way too many libertarian echonomists these days who just parrot what they read on the net.
Root: Echo (to resemble or imitate) + Economist.

Lexentric

Meaning: Habitual violator of the law.
Pronunciation: Lex-sent-trick.
Usage: Ignorance of law is no excuse for being lexentric.
Root: Lex (Latin for 'law') + Eccentric (Deviant).

Frugalbandi

Meaning: Buying 2 for the price of 1.
Pronunciation: Froo-gull-bun-dhee.
Usage: In off-seasons, brands dance to the tune of frugalbandi.
Root: Frugal (Save) + Jugalbandi (a duet)

Lassphemy

Meaning: The act of insulting women.
Pronunciation: Lass-fay-me.
Usage: MCPs take pride in indulging in lassphemy.
Root: Lass (Lady) + Blasphemy.

Scarycature

Meaning: A horrific parody.
Pronunciation: Scary-kay-cher.
Usage: History repeats itself thrice. First as tragedy, second as farce, third as a scarycature.
Root: From 'Scary Caricature'.

Affeminine

Meaning: Being less feminine.
Pronunciation: Af-fay-me-9
Usage: After her sex change operation, Michael felt affeminine.
Root: Af-(prefix meaning 'off or away') + Feminine.
Variations: Affeminate & Affemination. Affemination is the equivalent of emasculation.

Fopo

Meaning: Four word poem.
Pronunciation: Foe-poe.
Usage: Fopo is a creature made for the twitter generation.
Root: FO (sounds like 4) + PO (Abbreviated form of Poem).