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visco-elastic 

An adjective that implies something is superior, used by sales staff who want to sound technical. From the ads for the Swedish Sleep System that state that the beds are made with "visco-elastic memory foam" supposedly endorsed by the "space foundation" (which is actually an invention of the visco-elastic memory foam bed industry).
Try our new visco-elastic garlic breadsticks!
visco-elastic by Frasier Nutzov February 7, 2007
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elasticophobia

An aversion to, or a morbid fear of rubber bands.
Aaron can't stand the sight of a pile of used rubber bands. The rest of us compensate for this elasticophobia.

elastic potential energy 

Energy stored by something that can stretch or compress.
The boys stretched rubber band had elastic potential energy .

Elasticgevity 

To combine elasticity and longevity stretching over many years without tearing,or ripping ; durable and bendable for long periods of time ; pliable; to keep shape without damage
50 year old Tony tried to stop the 1200lb toolbox from falling over testing the Elasticgevity of the tendons in his back

Damn I can’t believe his tendons didn’t tear! dudes tendons have killer Elasticgevity!

Elastic Parent 

A parent who is adequately chill, accepts you and gives you freedom to live your own life. Trusts you, knows you make the right choices and the child-parent trust will not be betrayed. Elastic Parents stretch further with age, in fact as the child grows up the more elastic their grasp becomes.
*Two friends talking to each other*

"My mom sucks, she won't let me do anything."
"Sucks to be you, my elastic parents are so elastic they would even let me go to Santos till 5 am."
Elastic Parent by Shitabelle November 13, 2022

Elasticate 

To stretch beyond the realms of reality
The space shuttle elasticated into the black hole
Elasticate by Travpie March 4, 2008

Elastic waistband 

The art of wrapping an elastic rubber band around someone's hand and holding one end then moving your hand up and down to masturbate using the other persons hand
I heard Tom and Jerry preformed the Elastic waistband last night. I have to try that one day!
Elastic waistband by NuclearGay January 24, 2015