A play on the word Obama, as in Barack Obama, and the word abomination, as in something bad. Stephen Colbert has a Colbert Nation, so Barack Obama would naturally have an "Obamanation". This word is meant to illustrate the differences between candidate Obama and President Obama; especially those criticisms made by left-wing pundits such as Jon Stewart and Stephen Colbert.
The state of our nation is an Obamanation.
I'd rather have a Colbert Nation than an Obamanation.
I told you we'd end up with an Obamanation when we all went out to vote.
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This is a realization that takes place when someone is under the influence of a mind-altering substance. The realization can be overly obvious or complex depending on the nature of the mind-altering substance; hence realhighzation.
"I just had a realhighzation that I can see the pores on my skin."
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