Typhooliday

A portmanteau of "typhoon" and "holiday". A public holiday brought about by the hoisting of high intensity typhoon signals in some Asian countries and cities such as Hong Kong and Taiwan. Pronounced as "tai-foo-li-day" or "tai-fall-li-day".

School boy: Yes! It's typhoon signal number 8! My first typhooliday this year!

Mum: What? No school again? I paid school fees, you know?