2. To break a larger form into smaller blobular pieces.
Example: In Terminator 2.. After the scene where the terminator was shattered into peices.. It blobulated, returned to his previous form.
It should be noted that "blobulate" has no relational meaning to the US slang word, "discombobulate".
This word does not have origins in such words as coagulate (A change from a liquid to a clot). We are not concerned with the clotting as a phyiscal process, we are interesting in the "clot" itself, making blobulate a nonredundancy.
Webster's defines "blob" as a noun denoting 1a. a small drop or lump of something viscid or thick or 1b. a daub or spot of color 2 : something ill-defined or amorphous.
Encarta expands by more specifically defining it as a soft mass, and possibly an indistinct or shapeless form or object."
As for backing my word by way of etymology, let us look at a few words have the ending -ate.
That there are so many is no cooincidence: So many English verbs (and nouns but that's not relevant here) come from Latin verbs whose past participle is -atus. For instance, simulate < L. simulatus pp of simulatus.
Another good example is cooperate, which arrives from <L. cooperatus pp of cooperari. As blob has no known origin, is a verb and a verb of action at that, it would make sense to follow past examples, flirt with a little portmanteau, and voila - I have the perfect new word for what my lava lamp is beginning to do!