Gaseous emissions offered in appreciation or praise, usually due to a significant accomplishment on the part of the conflatulationee. Emissions may proceed from any oriface. Adjective form "conflatulatory" is also valid.
The guys at the bar offered their sincere conflatulations to Edgar after he won the chili dog eating contest.
A word denoted to the gaps in our memory that we fill in with a plausable but yet imagined memory.
And no, it's different to a hallucination, as a confabulation can only be retrospective (hallucinations are happening at the time)
"No, that didn't really happen, George. What you have just experienced was a confabulation."
"But i swear that time in year 8 the teacher was wearing huge come fuck me boots to class..."