It's one of those 'shot in the dark' names, to the max. It describes a totally useless trend, but a trend that's so totally useless that people are finding uses for it and there's some interest. You know... people with lots of disposable income and disposable time who come up with this stuff on regretsy.com, ha ha.
There are thousands of these made-up-name fads and it's a total shot in the dark whether one of them will 'take off' to a magnitude that can make a domain name worth anything.
Your made-up word has been around for at least a year; you probably saw it when it was retweeted on twitter a couple days back, right?
It's forward-thinking to keep up to date on new trends/fads/twitter trends and look for what people are buzzing about. I find names like this by the dozen each day, but I never reg them unless the item/product/trend seems very useful and has a strong chance of becoming mainstream, being around in another 5 years. I wouldn't have regged glingers myself... I don't foresee it gaining any kind of strong popularity in the winter or fashion accessory world. For an example, I owned 3fingerRing.com and these are a real trend, fad, etc... but parking made nothing, minisite made nothing, and no one interested in buying it, so I just let it drop (it has since been picked up by someone else who has it parked). Strong trendy name, those rings have been around for many years yet even when celebs wear them there's no trend explosion... so how long do you hold on to a name, how many years of reg fee, before you stop holding on to the 'chance of it becoming hot'? I cut my losses when I have a domain that has had its moment of fame but there's still no interest from buyers in it, still no income. I rate yours the same.
But you never know; in a year, some hot celeb could wear glingers once at some awards show, maybe they're all pink and furry and designed by the current hot designer, and then the world is all over them and you've got a valuable domain.
Good luck
