wordoid

A word that has been invented to describe a new idea, product or combine for a catchy new word. They should follow phonetic rules and roll off the tongue. A few examples would be automagically (automatically and in a way that seems ingenious, inexplicable, or magical) and godicle (coined by the author, Vishen Lakhiani to mean that humans are particles of God).

"Is that wordoid a product you put together? Are you trying to sell me something"