Basically talking to someone. This word is a combination of two words: conversation and communicate. The result being much the same but with double the effect.
That son of a gun Fred ate the last of the donuts! I will have to conversicate with him.
Someone: Did you get any candy from your valentine?
Someone else: I got conversation hearts.
Someone: Aww dude I am sorry. Those things are a terrible, stale, chalk-like excuse for candy.