However, terms like these are often made up on the spur of the moment. This is not really similar to the Cockney rhyming slang it has been compared to in the past, because Cockney substitutions are opaque whereas hacker punning jargon is intentionally transparent. I'm about to go home. Yes, the world has a state. Many of the lexicon entries are generalizations of exactly this kind.
Hackers enjoy overgeneralization on the grammatical level as well.
Also, note that all nouns can be verbed. Hackers have a strong aversion to bureaucratic bafflegab and regard those who use it with contempt. Similarly, all verbs can be nouned. Further, note the prevalence of certain kinds of nonstandard plural forms. It is grammatical creativity, a form of playfulness.