exaggerlying 

the act of exaggerating the facts of a true story, while concomitantly lying to a degree that the underlying story can no longer be believed.
or
exaggerating to the point where the underlying story is no longer true, telling a fisherman's tale

I think Elisabeth was exaggerlying when she told that story about her father being a ninja pirate who was raised by a she wolf from whose teats he suckled.
Source: Pol Scott, Chicago

"Stop exaggerlying, you didn't make one hundred lasagnas today."

exaggerlying by Q courtesy of Pol Scott October 20, 2007

exaggerlying 

the act of exaggerating the facts of a true story, while concomitantly lying to a degree that the underlying story can no longer be believed.

I think Elisabeth was exaggerlying when she told that story about her father being a ninja pirate who was raised by a she wolf from whose teats he suckled.

exaggerlying by Pol Scott October 19, 2007

under-exaggerating 

opposite of over-exaggerating; to reduce the limits of truth; understate; represent under-proportionality

Drake: "What are you talking about I've only done that to you like once."
Kamile: "OMG! What are you talking about you're like under-exaggerating. You've done that like a bajillion times."

under-exaggerating by eekkamile September 21, 2009

Exaggerating Fisher 

The Exaggerating Fisher is usually one who spends an unnecessary amount of time explaining details that are irrelevant. When this happens, usually the universe starts to collapse as society breaks down trying to get away from the horrible exaggeration.

Usually this term is coined by people who are disinterested in this person's conversation.

"Sometimes when I play my Nintendo and I am playing online, it usually results in a match where I am against like 15 guys. Obviously I proceed to kick the crap out of everyone! Like this one time, I took out like 30 guys in Super Smash Brothers ; but you see, this ends up being mundane because.."

This Exaggerating Fisher example is too long to continue and this is where you should walk away silently; enough to not anger the beast explaining the useless story.

Exaggerating Fisher by The 15 People He Did Not Beat May 6, 2008

counter exaggerating

Exaggerating the opposite of what is true. A form of lying and can be used as an excuse for lying.

Kyle:" Hey Jimmy is it cold out?"

Jimmy: "Nah dude its warm!"

Kyle: "Jimmy you're lying its freezing!"

Jimmy:"Bro I wasn't lying I was counter exaggerating"

counter exaggerating by Doubt.Me?Think.Again November 20, 2013