Bryan Garner, lawyer and English language usage scholar, on one of my favourite words:
A portmanteau is a type of luggage with two separate sections. A portmanteau word is formed by combining the sounds and meanings of two different words. Linguists also call such a word a blend.
Most portmanteaus merge the initial part of one word with the end of another: smog (smoke + fog) and infomercial (information + commercial). Others combine one complete word with part of another: docudrama (documentary + drama) and palimony (pal + alimony). Sometimes words with the same sounds are combined to create a pun: shampagne (sham + champagne). …
The popularity of portmanteau words continues to grow. …
My favourite recent portmonteau is “bankster.”