What actually does happen to declined rewards — anything eellogofusciouhipoppokunurious?

From Volodymyr Bilyk:

According to the “Phronstistery” compiler Stephen Chrisomalis- he took it from the “Slang Teasers Dictionary Volume 2”. Slang Teasers is a variation on a Balderdash which is game of erudite bluffing where players draw definition cards, roll dice and decide what word will be used. Then players try to deduce or make-up a proper (or even correct) definition for the word. It usually slides off into the land of the nonce words — up to the point when the result might make Kurt Schwitters proud.

“Slang Teasers Dictionary Volume 2” was published in Canada in the mid-80s. In it “eellogofusciouhipoppokunurious” is defined as “very good / very fine”. Supposedly, the word was taken from Maurice Weseen’s “Dictionary of American Slang”. In it “eellogofusciouhipoppokunurious” is also defined as “very good / very fine” and is left without further comments regarding its origin or terms of use.

According to a research that can be found on a “Glossolalia” website — Maurice Weseen most probably took the word from an article by Louise Pound “Word List from Nebraska”. There it is cited to be submitted by a contributor from Oregon. It was presumably used by youth as a part of some sort of secret language or society-specific slang in the beginning of XX century.