WUG - a wug is an imaginary cartoon creature used to test people’s ability to use the English

plural morpheme*. The test usually involves two cartoon panels—one depicting one wug with
the caption “This is a wug,” and the other depicting two wugs with the caption “Now there is
another one. There are two of them. There are two ____.”
NINJA - borrowing
DUCKFACE – compounding
HEARTBREAKING - compounding
SANDCASTLE - compounding
BRUNCH – blend word “breakfast" and "lunch." 
MOTEL – blend word “motor" and "hotel."
EDUTAINMENT – blend word, "education" and "entertainment"
ELECTOCUTE – blend word (is a blend of "electric" and "execute.")
EDIT –back formation (editor)
BULLDOZERS - bulldoze, butlers butle and burglers burgle – back formation
NASA - take the first letters of something and squish them together. 
OMG- take the first letters of something and squish them together. 
ABSQUATULATE- the word absquatulate came out of an odd fad in America in the 1830s for
making playful words that sounded vaguely Latin. Bloviate ("speak pompously")
and discombobulate("make confused") are two other pseudo-Latin coinages from that
era. Absquatulate takes the word squat and adds the prefix ab- "off, away" and the verb
ending -ulate to suggest getting up and leaving quickly. It's hardly ever used nowadays, mostly
showing up as an example of an absurd word.
MUGWUMP– borrowing (important person)
FRIEND - was a verb - functional shift
COMMERCIAL - used to be a noun - functional shift
GREEN - you can green this - functional shift
Ways to build new words:
1) borrowing from another language
2) squishing two other English words together. This is called compounding.
(HEARTBREAKING, SANDCASTLE)
3) some parts fall off. So, these are blend words, like "brunch" is a blend of "breakfast"
and "lunch." "Motel" is a blend of "motor" and "hotel." "Edutainment" is a blend of
"education" and "entertainment."
4) You can also make words by changing how they operate. This is called functional shift.
You take a word that acts as one part of speech, and you change it into another part
of speech.  (friend was a verb) (commercial used to be a noun) (you can green this)
5) Another way to make words in English is back-formation. You can take a word and
you can kind of squish it down a little bit. So for example, in English we had the word
"editor" before we had the word "edit." "Edit" was formed from "editor." Sometimes
these back-formations sound a little silly: Bulldozers bulldoze, butlers butle and
burglers burgle
6) Another way to make words in English is to take the first letters of something and
squish them together. So National Aeronautics and Space Administration becomes
NASA. And of course you can do this with anything, OMG!

BRIDEZILLA (blend words)

A combination of “bride” + “Godzilla” (a monster from a horror movie) – this word is used to
describe a woman who behaves very badly during the process of planning her wedding; she is
extremely demanding and difficult to work with
 
STAYCATION (blend word)

A combination of stay + vacation = a vacation that you spend at home or in your local area (you
don’t travel, so you save money)
 
CHILLAX (v)
Calm down and relax. (take the first letters of something and squish them together)
Awesomesauce (compounding) (adjective). When something is extremely good, you can call it
awesomesauce. The opposite, something extremely bad or disappointing, would be weak sauce.
Don’t ask me why strong sauce hasn’t made the cut.

HANGRY (adjective) (blend word)

We’ve probably all been hangry before: you simply combine anger with hunger to describe that
familiar feeling when you’re crabby and in a bad mood because you need something to eat asap.

VOLUNTOURISM (blend word)

This term describes people who volunteer overseas for a charity, maybe to work on a project for
elephants’ welfare or to help build a community school, but their actual motivation is to visit
foreign places. The word is also used to mean tagging on a holiday at the end of a volunteer
period abroad.
Use it: “I really want to explore South America, so I thought I’d try voluntourism.”