The act of modifying existing tools, instruments, or systems, to generate new productive capabilities. Not specific to software or hardware, a new tool can be modifactured out of anything. Similar to hacking and modding but focused on productivity.
Kid 1: "That guy just modifactured this tool from a broken printer, a camera, a hot glue gun, a motor, and a hammer!"
Kid 2: "Cool!"
Kid 2: "Cool!"
by Modi-ernMan April 29, 2011