Apparently the word Crackoon already exists. After googling the word, UrbanDictionary.com was the first entry. Here is that definition:
"a [crackhead] who digs through garbage and has dark bags under their eyes. much like a racoon."My definition came in at #11.
Homocoon [hO-mO-koon] n. - A homosexual raccoon. This is an old term that some friends and I coined maybe a year or so ago. We now introduce it to the public. Use it as you will.