The "turboencabulator" is a famous inner-joke within the engineering world. It was born in a student's journal in 1944, and it became part of engineering lore so that much that actual companies have made fully featured presentations of the "invention", with professionally made data-sheets included (in the case of General Electric, they included a full data-sheet in their General Electric Handbook).

The joke pokes fun at excessive technobabble by using made-up "technical" words that describe an imaginary (yet undecipherable) invention.

Known videos where made with actors that worked for serious engineering presentations:

This one was the first live presentation, made by Bud Haggert (top voice-over talent on technical films), at his request, who after making an actual training film for General Motors convinced everyone to remain in the set to make the sketch:

This one was made by Chrysler (in the description it haves links to other presentations made by other high-profile companies):