@oristarA,
												You have conjugated the verb "to colocate" incorrectly:
Can "mighty" colocate (no "s" on the end)
 with "King of Truth?" (The style i learned places the punctuation mark--a question mark in this case--within the quote marks.)
I agree with DP, the verb "collocate" is jargon, language used by a special group to both obfuscate and to signal one's participation in a special group--in this case, teachers of English.  Nobody else, to my knowledge, ever uses it.  It's also a silly neologism, because "co-" is used to signal congruity, while the verb is created from the verb to locate.  Therefore, "collocate" with two "l-s" is just silly.