Water highdrant

A high water hydrant.

Man 1: "Oh, look, a water highdrant."
Man 2: "He looks high."
Man 1: "Yeah, that's why he's called a "water highdrant"."

salami

A synonym for salary

your salami has decreased significantly

subalternative

A subalternative is an alternative to an alternative.

I don't like this alternative, I will use the subalternative.

Dicktionary

A male dictionary.

"Hey, man what are you reading there?"
"I'm reading a dicktionary."