dipshititude 

n. - the quality of falsely believing in the greatness of one's own self-importance and contributions to society

"I find Sarah Palin to be possessed of an astounding level of dipshititude."

"If you need me to define 'dipshititude' for you or ask me how much you owe me in royalties for using the word in a non-profit manner, then you've just answered your own question."

dipshititude by phantosphobos July 20, 2012