It is a noun with at last four meanings:
1 The study or art of creating new words.
2 The act of introducing a new word into a language.
3 The use of an existing word in a new way.
4 The holding of novel or rational religious views. (Although this definition is now largely obsolete.)
1 Neology is a hobby of mine.
2 I’ve just had a new word accepted by the Oxford English Dictionary. Neology!
3 Urban Dictionary is a catalyst for neology
4 Believing that we are all just the dream of a sleeping cat is not necessarily a neology.
Terminology used to describe all thoughts and stereotypes of the black population. Normally, negroology is used to describe the daily stereotypical phrases most African-American people say and what their overall views are regarding life.
What could fall under the category of 'negroology':