No, it's not a new word coined by Colbert..., apparently, it's GEORGE BUSH!
A cockalorum is a 'self important little man'.....(a Lil' Bush?
My hubby found it in the dictionary last night and started laughing his a*s off. He insists full credit, and I happily oblige.
If you agree, K & R to start a new trend, a new title for the little big man, as in
"That guy is a real cockalorum!"
I love Scrabble, but hadn't heard of this one.
I like it.
Sounds dirty, but it's not! (It refers to a rooster.)
FUN!
Addendum: A newer dictionary says "A little man with an UNDULY HIGH OPINION OF HIMSELF." "Boastful talk, braggadocio". EVEN BETTER!