I Have a....Bleory?

Actually, I have a friend who has coined a new term, but he doesn't have a blog to publicize it so I offered to do the honors:

Bleory - a proposed explanation which was pulled directly from one’s ass and has little to no support, as opposed to a theory, a proposed explanation whose status is still conjectural - but actually HAS some reasonable basis to be believed. A bleory exists exclusively on the internet and is typically found in blog entries.