The UK papers invented "chillaxing" and now I see "Grexit" and "spailout".
Is this an example of texting? Is it an example of lazyness? Or what?
Maybe we could invent some more - "rupe" being a combination of rubbish and tripe as applied to the news media.
Then there is "Creaven" - Crete + heaven. What? Oh yes, there is already a term - LIC