Plutoed

What you feel after annual performance appraisals or when you are assigned. . . umm. . . "crappy" projects.

Kapisch?

Let's try again.

to pluto/be plutoed: to demote or devalue someone or something, as happened to the former planet Pluto when the General Assembly of the International Astronomical Union decided Pluto no longer met its definition of a planet.

Plutoed was voted the Word of the Year for 2006 by the American Dialect Society.

Other contenders for the honor here (opens a pdf file).