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To obulate is to laugh at someone’s dumb joke while pretending it was the funniest thing ever. You’re basically a fake laugh machine with a grudge.
I obulated my teacher when he told a joke about chalk and why it’s not a good idea to date it.
My friend obulated me for saying pizza is a food group.
At the party, I obulated the guy who thought 'boobulous' was a real word.