Make up some cool, witty, new word

So my friend and I came up with “Smellucinating.” It can be used when you are smelling something that is not really there. Also, one day, Smellucinagenics will probably become available… More than likely our word shall be used!
In context: Druggie 1: “Aw man!! I took these far-out pills and now I’m totally smellucinating!”
Druggie 2: “Yeah, these are totally the best smellucinagenics on the market today!”