You know I said that I hadn't coined any of these for some time...well...
magnet: a net for mags
magic: a poorly mag
magma: a mag's mother
magnanimous: a mag trying to protect its identity
Magellan: a mag called Ellen
magistrate: an announcement of a mag's sexual preference
magnum: a mag incapable of feeling pain
magnificent: a mag with a personal freshness problem
You can find a lot more of this sort of tripe at Bye Definition
