I sometimes call it that, and sometimes call it “Internet Exploiter”.
Steak ‘n’ Snake = Steak ‘n’ Shake (based on a sign with a burned out light seen years ago by my mom and me)
Dirt Mall = the local flea market, stolen from Mallrats. Also from Mallrats came “Fasionable Male” for preppy-male mall stores.
Ghetto Gas = a Marathon gas station on the edge of a notoriously bad neighborhood in Indianapolis, that also has the cheapest gas of any station I ever pass.
Dead Bread = Hostess Bakery Outlets
International House of Prayer = some omni-denominational non-church church housed in a building that looks suspiciously like one of those old high-roof IHOPs that has been remodeled. It’s a block away from Ghetto Gas.
My girlfriend is kind of a Ms. Malaprop. The most enduring example is “chicken cab” for “checker cabs.”
In high school my friends used to call Taco Bell “Discount Meat Hut,” after something from Matt Groening’s Life in Hell. After it became a combination Taco Bell-Pizza Hut, the resemblance was even more striking.
Jack in the Box=Crap in the Box
This is quite an apt nickname, given their history with E. coli-contaminated meat.
When I lived in Tallahassee, there was one “Badcock and More” furniture store whose first three letters were almost always on the fritz. From then on, most furniture stores have gotten new names:
Cock and More (Badcock)
Ladyboy (La-Z-Boy)
Shame’s (Kane’s)
Ass Wee (Ashley)
That Shitty Furniture Store or Shit That Breaks Quickly (Rooms to Go)
We also have names for other stores:
All Butt Sons (Albertson’s)
Winn Dick Me (Winn Dixie)
Pube Licks (Publix)
Tarzhay (Target)
Home Despot (Home Depot)
Blowe’s (Lowe’s)
Pizza Slut (Pizza Hut)
Things that have gotten renamed:
nun-nuns (onions)
peelows (pillows)
banennas (bananas)
My dad used to call Sears & Roebuck Rears & Sawbuck.
Taco-Smell has overtaken every other name for fast food; Taco-Smell, Wendy-Smell, Checker’s-Smell, etc.
Shuttle Express (local airport shuttle): Shithole Express
Home Depot: Home Epot (one near me had defective sign for a few weeks)
Bed, Bath, and Beyond: Birdbath and Beyond or Bloodbath and Beyond
USA Today: Useless-A Today
Jack in the Box: Jackoff in the Box
From the days before digital cameras, we used to buy phlegm when we wanted to take pictures. And better make sure the camera has bat-trees in it, or the flash won’t work!
I’ve come to call Wal-Mart by the name “Har-Mart” because that’s what my grandmother misremebered it as after a stroke, when she had to visit their in-store Pharmacer to pick up her meds.
Wally World, Taco Hell, and Pizza Slut are all within walking distance of my house, and just a short drive away you can find the Awful Waffle (Waffle House).
I love the “Temple of Doom” for the Jehova’s Witness temple. One of my close friends is a JW, so I may have to steal that one to use on him. 
Home Depot-Home Despot , or Agent Orange
Red Lobster-Scarlet Crustacean
J C Penney-Jacques Pen-yay
City Market(local AKA for Kroger)-Shitty Market
Sinclair gas is dinosaur gas.
K-Fart
Pizza Butt
Maybe more later. I gotta go back to work.
I lengthen this out to “The Lix of Pube,” much as I say “The Cart of Shopping” and “The Controller of Remoteness.”
The Reddy-Mart (or whatever the hell it’s called) on the corner is, of course, Kwicky-mart.
Super Wal-Mart is “Das Uber-Mart.”
We refer to Bob Evans as Bob’s.
There’s a Chinese buffet nearby that we call Bad Chinese. It’s not bad food, but it’s pretty bad as Chinese food.
I’ve also been known to say Pizza Slut.
Chez Tarjay here; we’re fancy that way. Similarly, Kay-Rojay is Kroger.
I never eat at the Awful House; my husband prefers dining with Mr. Evans.
I like talking about computer mouses … though I don’t even know if “mice” is even technically correct!
Radio Shat
But will I arrive?
Popeye’s Chicken: “Pope Yes,” which evolved into “The Pontiff of Poultry”
Chipotle: Chipoodle
KFC: Kentucky Clucker
Burger King: Burger Thing
Toys R Us: We Be Toys ‘n’ Shit
Jack in the Box: JFK Memorial Dining Room (not often, we almost never eat there)
Mr. Chao’s (a local fast food Chinese chain): Mr. Chao’s Wild Ride
We used to call it, “We B Toys n’ Shit”
One of the suburbs of Kalamazoo, MI is Portage. Here in Paw Paw, we call it, “Portage Land”.
There used to be a drive-thru fast food franchise around here called, “Hot n’ Now” that sold burgers, fries, drinks, etc at very cheap prices. We called it, “Cold n, Later”. It’s no longer in business.
The Kroger closest to us was a Chathams 20 years ago. I always call it Chathams. It pisses my wife off ,so I will continue.
McDucks
Taco Smell
Burger Noodle For Burger King
Waffle House----> Awful Waffle
Home Depot—> Home despot or Gnome Depot
Radio Shack—> Radio Shark
Robb and Stucky’s-----> Rob and Stick me
Lowes----> Blows
renames in addition to Nashiitashii’s
Roast beef----> Roast beast
corn----> Corms (lolcat invading normal speech here)
raviolies—> ravel-lolies
Macaroni----->Mastadons and cheese
Beer—> Biru (got engrished)
When we first moved to Carson City an otherwise nice Mexican restaurant had a stabbing in their bar on two consecutive weekends.
We call it the, “Stab and Eat.”