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punultimate 

punultimate - word play on penultimate - meaning the last ultimate joke one could possibly say in a crisis before the blank hits the fan; a last minute quip before imminent danger occurs (physical, financial, emotional break down) to interject humor into the dire situation
Right now would be the punultimate time to send out an email asking for a raise (before you get fired).
Right now would be the punultimate time to ask for forgiveness before your relationship ends.
Right now would be the punultimate time to sell all of your stocks before you lose all of your money.
punultimate by hilltop trading July 24, 2024
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penultimatum 

a penultimate ultimatum or the act of threatening to give an ultimatum
actually he said 'watch it! don't make me give you an ultimatum!' so it was more of a penultimatum
penultimatum by trybol phears July 28, 2010

penultimate 

Literally means "next to last". In street speak it takes on the meaning "second to none" or simply used to describe something utterly appeasing. It is easy to get away with using this word because of it's confusion with "ultimate" by those who don't know any better.
Yiee yiee, this be da penultimate shiee here.
penultimate by Patrick January 6, 2004

penultimate Penn ultimate ultimate Penn pen

The next to last ultimate pen used for keeping score in ultimate frisbee; decorated with pictures of Sean Penn; purchased at the University of Pennsylvania.
Because that would be your penultimate Penn ultimate ultimate Penn pen.

Penultimate 

(adj.) Last but one in a series of things, second to last
"The penultimate chapter of the book"
Penultimate by anonymous September 15, 2020

penultimate 

While usually meaning the second to last, it has also been used to mean the absolute best, or most ultimate.
Lord of the Rings is the penultimate fantasy series.

''V is the most important letter in love, it's like penultimate.''
penultimate by Danth0ny April 13, 2014

penultimate club

Every good college has frats and sororities, but only Harvard has snotty final clubs. Final clubs are frats you can't rush, and made entirely of millionaires. Penultimate clubs are a grass-roots Harvard reaction. Lets bring the party and the booze back to the masses!
The Enhydra club, a penultimate club in Eliot house is taking applicants; no rich final club assholes need apply.