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conservatron 

A person who blindly accepts all conservative ideology with no regard for scientific evidence, facts, history, or other information; a conservative robot incapable of independent thought; one who is utterly confused by ideas that do not conform to his or her conservative beliefs; often one who lacks the intellectual capability for rational argument; an ignoramus
Despite all the scientific evidence, that man believes global warming is a liberal hoax because he is a conservatron.
conservatron by NickFender August 10, 2012
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New England Conservatory

A music school in Boston with a slight inferiority complex (think Juilliard, Curtis). The string players, pianists, and clarinetists are the freakin' best in the country. It's acronym is NEC, obviously. It's in a wicked old building on Huntington Ave in Boston and has Jordan Hall inside, which is repeatedly called one of the best concert halls in the US.
New England Conservatory is the shit. Go to hell, Juilliard.

Conservation of ninjutsu 

A law of the Universe, that states that there is a finite amount of ninjutsu available to each side during any given battle. If there are many ninjas, they are all awarded a fraction of the total ninjutsu, or 1/N where N is the number of ninjas present in the fight.

This is the reason why hordes of ninja warriors will be dispatched relatively easily, whereas the lone ninja is almost unstoppable.
Practical applications of the law of Conservation of ninjutsu:

Sir! There's an army of ninjas heading this way!

Don't worry, we can take them.

Oh wait... it seems they've given up, sir. There's only one guy.

GOD DAMN IT RUN!

conservation of greatness

Usually used in sports related situations (but also applicable to all life situations), conservation of greatness describes a situation where a person has just done something earth shatteringly amazing, and then immediately proceeds to attempt another amazing action. The second action has 1% chance of doubling the glory, and a 99% chance of failure, which includes a 50% chance of making the person look like an absolute fool.

Popularly used in the game of ultimate frisbee, but possibly originating elsewhere.
'Conservation of greatness' is rarely used as part of a statement, but instead is the entire statement, said after witnessing the the failed follow up action.

Said with great joy when an opposing team fails to compensate for conservation of greatness, but with utter frustration when your own team mate has just made a fool of himself.

Conservatroll 

A internet troll who tries to popularize conservative beliefs. Along with his counterpart and nemesis, the libtroll, he is the most poisonous of trolls
Hahaha! Obama's a soshulist! You are dumb! He is Hitler!OH, I guess I'll be called racist!

Shut up, conservatroll
Conservatroll by Cosman246 August 14, 2010

Law of Conservation of Happiness

One of the several laws of life that states that in order for one to attain a state of happiness, another must become unhappy.
Chief was having a bad day. In order to fill his happiness bag, he decided it best to make the division stay late to take inventory of everything in the shop.

Further proof of the Law of Conservation of Happiness...

conservatorship 

Its a legal conservatorship where one person takes financial and personal control of another person who cannot control their own life due to a mentally disease such as dementia. This term is hugely known thanks to the #FreeBritney and #FreeAmandaBynes movement. There are more than 1.5 million conservatorships in the United States, most of them are abusive.
Only in people with diagnosed very severe dementia, or a mental/physical illness are "allowed" to be in a conservatorship.