I bolded the "naughties" - but the rest are pretty good! I know this thread uses real words...but my brain is away at the moment...

http://jmm.aaa.net.au/articles/15537.htm

Each year the Washington Post asks readers to take any word from the dictionary ...

alter it by adding, subtracting, or changing one letter and supply a new definition.

a.. Intaxication: Euphoria at getting a tax refund, which lasts until you realize it was your money to start with.

b.. Reintarnation: Coming back to life as a hillbilly.

c.. Giraffiti: Vandalism spray-painted very, very high.

d.. Sarchasm: The gulf between the author of sarcastic wit and the person who doesn't get it.

e.. Inoculatte: To take coffee intravenously when you are running late.

f.. Hipatitis: Terminal coolness.

g.. Osteopornosis: A degenerate disease.

h.. Karmageddon: It's like, when everybody is sending off all these really bad vibes, right? And then, like, the Earth explodes and it's like, a serious bummer.

i.. Glibido: All talk and no action.

j.. Dopeler Effect: The tendency of stupid ideas to seem smarter when you have been smoking marijuana.

And, the pick of the literature:

a.. Ignoranus: A person who's both stupid and an ass