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dipportunity 

leaving class when the professor is distracted or helping other students.
Yo Danny, should we take advantage of

dipportunity? "Hell yeah man, lets roll!"

lolportunity 

Noun. plural- ties

1.An appropriate or favorable time or occasion to laugh out loud

2.A situation or condition favorable for attainment of a laughing out loud.

3.A good position, chance, or prospect, as for laughing out loud.
Joe: "Did you hear about the comedy show coming up tonight?"
Mike: "I sure did. It should be an awesome lolportunity."
lolportunity by cBlunted September 29, 2010

Flipportunity 

The opportunity to purchase real estate and sell it for a profit.
Man - I saw a great flipportunity on Zillow.

Realtor- Don't be shocked if that place doesn't really exist, zillow is the craplord of real estate information aggregates.