When a woman's privates become erect when aroused. It is a mixture of the words "clitoris" and "boner" due to the fact that the clitoris becomes erect.
Girl: "Oh my, I have a major cloner right now."
Boy: "Oh boy!"
A clownboy is a mixture of a clown and a cowboy. Its signature phrase is "Yeehonk." Yeehonk is a mixture of yeehaw, which is what a cowboy says, and honk, which is what a clown says.