Something or someone you really want to hump - a lot - because you like it so much.
That mansion is awesome - it's a humpalot.
or
That guy over there is a humaplot.
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A character in Austin Powers: The Spy Who Shagged Me
Austin: And who are you baby?
Humpalot: Ivana... Ivana Humpalot
Austin: Excuse me?
Humpalot: Ivana Humpalot!
Austin: And Ivana toilet made out of solid gold but that's not in the cards isn't it now baby?
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A Royal Hump. Someone that seems to enjoy being an idiot and/or causing others grief.
I think it's time we put Sir Humpalot in his place.
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