Words, okay. But definitions can make you think differently.
A skunkworks is a group of people who, in order to achieve unusual results, work on a project in a way that is outside the usual rules. A skunkworks is often a small team that assumes or is given responsibility for developing something in a short time with minimal management constraints.
Typically, a skunkworks has a small number of members in order to reduce communications overhead. A skunkworks is sometimes used to spearhead a product design that thereafter will be developed according to the usual process. A skunkworks project may be secret.
The name is taken from the moonshine factory in Al Capp’s cartoon, “Lil’ Abner.”
Now that sounds like a good idea for more than a few projects. For more on this see the skunkworks entry on Wikipedia.