Pingystrit is a phenomena often associated with random occurrences and random events. The two words can be related to phenomena, activity or event. The definition of the word is unknown to the vast majority of the human race. Some say that if you spell it out backwards the true meaning of the word is uncovered.
Jeffery: "Wow Monty that pingystrit is so big and hard today!"
Montgomery: "I've seen it, I've seen it! I wish I had strit like that, it's well pingy"
Brenda: "I don't even know what pingy strit is guys! Do tell"
Adolf: "NOBODY knows what pingy strit is"