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Misunderestimate 

the act of underestimating something incorrectly

misunderestimate 

a word made up by jenna pisarev. or george bush. further inquiries will follow.
midterms are so expensive! i always misunderestimate.....
misunderestimate by your love. February 21, 2009

misunderestimated 

1. Doofimizm used only by fully edgymicated presidents when their teleprompters are busted or they are feeling kinda smart or when they wants to show all them handlers at the white house just who's really in charge around here.
I must have misunderestimated all them nuculer bombs and them weapons of mass disappearance in that there eye rack.
misunderestimated by JOE August 26, 2003

misunderestimated 

Word invented by President of the United States, George W. Bush, to highlight the fact that the population had completely mistaken him for someone who would actually have the intellectual capacity to run the country.
The population have misunderestimated my stupidity, as can be seen by their voting for me.
misunderestimated by fadeaway October 1, 2005

misunderestimated 

A Shrubism (word created by our current moron...er...president) meaning "underestimated" and "misunderstood" at the same time.
"They misunderestimated me"- George W. Bush Jr. (Shrub)
misunderestimated by Fatass February 18, 2003

misunderestimated 

Word invented by George W Bush because he's an idiotic stupid moronic cunt who can't even string a sentence together.

He either means misunderstood or underestimated.
misunderestimated by Andy June 23, 2004