Our German teacher was infamous for these types of wordplay deals. Two examples that will always stick out in my mind is "Qweego" and "Twarberz"
Qweego being a mooshed version of can we go
Twarbers being a squooshed version of Two Harbours, a town some hour or so drive north from where I live.
People in our class had a bad habit of talking too fast much to the teacher's amusement.