Velvevil 

Velvevil is a synonym for the Kraft product Velveeta cheese, generally used by those who recognize its detrimental impact on health but cannot resist the processed cheese food. Velveeta is a shelf-stable block of bright yellow cheese product with a low melting point.

Pronounced Velv/evil, to have a similar sound to Velveeta.

Ted: This dip is fabulous, Brianna! What's in it?
Brianna: Oh, some tomatoes... beans... and (mumbles)
Ted: What?
Brianna: Don't worry about it--just enjoy.

But then... Ted spies the telltale yellow brick package in the kitchen trash. He gasps.

Ted: Brianna! You used Velvevil?!
Brianna: I know I shouldn't have, but...

Ted eats another chip with dip.

Brianna: See? You cannot resist the Velvevil.
Ted: When I'm the hospital with a heart attack, visit me.

Ted proceeds to completely decimate the dip.

Velvevil by Wyntre May 28, 2010

Velevil 

Velveeta cheese pretty much. Usually what you say to describe what Velveeta cheese looks like after you pretend it's real cheese and try to make dip out of it.

Person1: Dude, lets make some Velveeta dip!
Person2: A'ight.
(3 minutes and 30 seconds later)
Person1: Dude! WTF is that?!
Person2: man that shit is Velevil

Velevil by dpndrgst May 1, 2007