imagineer

to both imagine and create something that is new. The new creation must be tangible though which is in fact the key point of this term.
Credit to Lyndon Barends who imagineered the term

the creation of a container in which lightning is stored (just an "off the cuff" idea but yet to create!)
in fact all inventions where imagineered :-)

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Imaginate

To imagine but infinitely cooler.. It's imagining in the 21st Century!

'Imaginate all the people.. living for today' - John Lennon

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imagination

That magical point in your life when you think your crush likes you back

Dude, I think she likes me!
Naw bro. That's your imagination.

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imaginality

A combination of "imagination" and "originality"

1. Originality of ideas

2. The ability to keep up with strange conversations, weird logic or lateral thinking

3. The ability to dream or have ambitions

"i haven't got the imaginality to keep up with this conversation"

"some people have no imaginality"

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Imaginitis

A disease, caused by prolonged use of the brain and tendency to worry about intellectual matters.

My friend reads too much, now he has imaginitis.

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imagination

To imagine something in your own mind

When A Great big COSMIC MUFFIN Comes down to earth and smites you

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imagine

Imagine imagining the imaginable even tho the imagining is already being imagined

for the person reading this start imagining it...NOW imagine