Studebt - student debt.
Paintience - patient while in pain or waiting patiently for paint to dry.
Insuckticide - cheap and ineffective insecticide.
Fagnet - magnet for gay folks, someone who's naturally gravitated towards by gay people, Barbara Streisand and Ricky Martin come to mind.
Divil - the evil deity to whom you sell your soul to gain the ability to perform the Triple Lindy.
As always, these new words will be cross posted to the Fictionarium.