Awesome and Ulti

The two words: one pronunciated in whole other in half... might be due to the later one's sheer size and the redundacy of letters after initial four letter which is not the case with the former one.

for those who still cant guess whats ulti its ultimate.

ulti was (or perhaps is) the word used in IITR to select or deselect something as really great and cant be replicated without true effort.

Awesome similarly is used in the same sense but in IIMK.

Is it just the zonal and cultural differences that make the differences ithe words used for the same meaning. cant say!

some similar lingo at IIMK are: ghissu( incidently same as that used in IITR), do it for k. 

IITR was more creative in this sense may be due to its long past and culture.few of lingo used there were - Chapo, fuchha, room Baap(dont know whether it still continues), FOKI...