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under-exaggerating 

opposite of over-exaggerating; to reduce the limits of truth; understate; represent under-proportionality
Drake: "What are you talking about I've only done that to you like once."
Kamile: "OMG! What are you talking about you're like under-exaggerating. You've done that like a bajillion times."
under-exaggerating by eekkamile September 21, 2009

exaggerbating 

The act of masturbating in a closed off room and then coming out and bragging about how you just had sex.
Guy 1: Dude, i just got laid!
Guy 2: No you didn't your just exaggerbating.
exaggerbating by Nikoliah November 5, 2011

Exaggerating Fisher 

The Exaggerating Fisher is usually one who spends an unnecessary amount of time explaining details that are irrelevant. When this happens, usually the universe starts to collapse as society breaks down trying to get away from the horrible exaggeration.

Usually this term is coined by people who are disinterested in this person's conversation.
"Sometimes when I play my Nintendo and I am playing online, it usually results in a match where I am against like 15 guys. Obviously I proceed to kick the crap out of everyone! Like this one time, I took out like 30 guys in Super Smash Brothers ; but you see, this ends up being mundane because.."

This Exaggerating Fisher example is too long to continue and this is where you should walk away silently; enough to not anger the beast explaining the useless story.

counter exaggerating

Exaggerating the opposite of what is true. A form of lying and can be used as an excuse for lying.
Kyle:" Hey Jimmy is it cold out?"

Jimmy: "Nah dude its warm!"

Kyle: "Jimmy you're lying its freezing!"

Jimmy:"Bro I wasn't lying I was counter exaggerating"

Exaggerbating 

Claiming that you've just had sex, while failing to mention that the sexual partner was your hand.
Guy 1: I got laid AGAIN last night! Hive five this, bro!
Guy 2: No way, I know you are exaggerbating again, I saw you come out of your room alone.
Exaggerbating by JustinAndout September 4, 2018