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portmanteau 

The combination of two or more words to create a new word. Also known as a frankenword or blend.

(sources: tnellen.com/cybereng/lit_terms and the wikipedia)
smog is the combination of smoke and fog

Lewis Carroll's Jabberwocky is loaded with portmanteau words.
portmanteau by insignis April 15, 2005

Portmanthusiast 

One who is such an enthusiast of combining two or more words into a new word, that they describe this passion by creating a portmanteau (a combination of two or more words into a new word) with the words enthusiast and portmanteau.
The word portmanthusiast is a portmanteau
Portmanthusiast by bTreezy August 3, 2012

Portmanteauwned 

Adj.: Port-maun-TONED.

Used to describe being targeted by a particularly clever insult or witticism that uses a portmanteau, or combination of two or more words, as a punchline. It can also be used sarcastically, for example after an especially weak pun.

The word is a portmanteau itself, of "portmanteau" and "owned." As a result, timely usage of the word can count as an example of itself.
"Dude, there's a poltergeist in my chicken coop!"
"Don't you mean a...poultrygiest?"
"Oh, shit, I've been portmanteauwned!"
Portmanteauwned by Lazy Shell February 1, 2013

Freudian Portmanteau 

When a Freudian Slip occurs whitin a single word and it forms a new word out of two or more words that previously existed separately.
Freudian Portmanteau: "These Notifuckations won't go away!"

portmanteau word 

a word arbitrarily formed of two distinct words
chortle, from chuckle and snort; cyclotron, from cycle and electron
portmanteau word by Jessica September 11, 2003

Internal Portmanteau 

Causing a word to become shorter by joining the ends at a common letter. Can be done more than once in long words, or phrases.

IP = Internal Portmanteau
Examples of Internal Portmanteau:

Television --> Tevion (2 IP's) (pronounced "teh-vyun")

Mathematician --> Matician (1 IP) (pronounced "ma-tish-un")

Fabulous! --> Fabus! (1 IP) (pronounced "fab-ous")