The word is peliculate.
peliculate. verb. intransitive. to watch a movie. (from the Spanish, película: movie)
Why introduce another word into the English language? Because we have no elegant verb for watching movies.
Consider, for example, the song lyric, “Won’t you Charleston with me?” Note how seamlessly we could sing, “Won’t you peliculate with me?” whereas, “Won’t you watch a movie with me,” is entirely too clunky.
And although movie revenue might be down, most of us still peliculate on a regular basis, and peliculation remains an important dynamic in current American culture.
So please, let’s adopt this neologism as a salutary addition to our vocabularies. I don’t know about you, but after a long week there’s little I like better than crashing with the wife for a little peliculation.