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Funderstorm 

When you are having so much fun it is out of control.

A brooding thunderstorm of fun.
The party was a funderstorm.
We had a few drinks and before we knew it, a funderstorm was brewing.
Funderstorm by Julian Conaghan October 22, 2010

funderstanding 

-Tom told me a joke, but I didn't get it.
-Well Jake, it's probably because of your lack of funderstanding...
funderstanding by maruree February 25, 2008

funderside

the fat on the underside of someones arm.
"Dude, did you see Katie last night?"
"Yea man!! When we were doing the YMCA last night her funderside almost hit me in the face!!"
"Yea, dude. She got fat."

FUNderstanding 

Resigned acceptance or tolerance of an act which is fun for one party but not another.
"You guys can have a knife fight outside of the liquor store, it's okay, i FUNderstand."
FUNderstanding by Casey Arney February 18, 2004
fingers are abnormally fat and stubby
Damn that redhead has huge fungers
Fungers by fungers December 13, 2009

Funderstatement 

A contraction of "fucking" and "understatement", aka, a fucking understatement.
No shit, that's a funderstatement.
Funderstatement by Kaylawayla April 26, 2005