A portmanteau of Home Ec and restaurant. Coined by Bob Belcher in the tv show Bob's Burgers.
When the Home Ec class sells food to the students at school lunch.
Jocelyn: “You guys, we're not a restaurant. Go away.”
Bob: “Well, wait, we could be.”
Jocelyn: “No, we're not.”
Bob: “Well, that's the "Ec" of "Home Ec." A-a restaurant.”
Jocelyn: “Oh.”
Bob: “Yeah, a Home Ec-staurant.”