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It has the same meaning as profit, to gain from, with its use intended for dramatic flair. Quoted from Preach, part of the Youtube channel Aba & Preach.
When a person puts you in the Friendzone because it's convenient, they profitate from your being in the Friendzone.
Profitate by kameHouse May 12, 2020

presitator 

Portmanteau of president and dictator
A president and dictator at the same time
XI Jinping is a total presitator.

'preciate it

Shortened/country way of saying appreciate it.
Damn that bitch is fine, is that yo ex-girl?

Yeah but you can still hit it.

'Preciate it homie.
'preciate it by TheMainMane February 26, 2014
When a girl purposefully leaves you in the friend zone because it is convenient for her.
Guy1: Dude, that girl has so many guys in the friendzone doing shit for her to get some and she totally knows it.

Guy2: What did you expect man? She profitates off that shit.
Profitate by Insigniarum May 12, 2020

preciate 

Yo homie let me hold a dollar. Preciate it.
preciate by D.A. November 18, 2003

prematated 

(adj) Describing an object, person, or situation that is ill-formed, damaged, or just plain messed up.

Likely from "premature" + "mutated".

First known occurrence in common parlance: January 1987, Atlanta, GA.
"Don't be smokin' crack and drinkin' 'cause you'll have them prematated babies."

"I can't believe she's wearing the dress that her mother made to prom--it's totally prematated."

"She was really kind of pretty until she got that botched facelift, and now she looks all prematated."
prematated by clevtrou July 2, 2009