celebreviate 

the act of combining two celebrity's names because they are dating, married, etc.

People celebreviate for every couple in Hollywood these days.

Bennifer - Ben Afleck and Jennifer Lopez
TomKat - Tom Cruise and Katie Holmes
Brangelina - Brad Pitt and Angelina Jolie

celebreviate by Cody C. June 11, 2006

Celebriate 

To party for the sole purpose of becoming intoxicated. Combination of the words "celebrate" and "inebriate".

Variations:
Celebriation
Celebriatory

My brother found $10 walking home from work, so we bought a handle with it and celebriated this stroke of luck.

Celebriate by ExperimentalFilm February 20, 2011