Splaughing

When you store spit in your mouth and then laugh and bust it on someone.

Kevin:.....(bust from splaughing) hahahahaha

Jake: Dude wtf! You splaughed all over my face!

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Splaugh

When you are just taking a sip of your beverage of choice, and your friend tells a really funny joke, causing you to spit your beverage out because you are laughing so hard you can't swallow.

I was really enjoying my beer, until my friend made that comment and I splaughed all over him.