I´m not a native English speaker but I´ll try to help you figure it out. It can be the word:
1. corporate - written by a person who has a speech impediment, cannot pronounce "r" and replaces it with "l". Wrongly used vowels "a" and "u" may symbolise the dislike to corporate business
2. a slang compound noun that originates with "cool" and "prate" meaning an interesting lecture
3. just like above but referring to a parade rather than prate. Voiceness of "d" is lost on purpose
I hope I helped you a bit. Living abroad may seriously lead to losing fluency in your mother tongue 