The term that means "the use of a word that suggests two or more of its meanings, or suggests a similar sounding word" is pun.
The term that means "the use of a word that suggests two or more of its meanings, or suggests a similar sounding word" is called a pun. A pun is a form of wordplay where multiple meanings of a word or words that sound similar but have different meanings are used to create a humorous or clever effect. To understand this term, you can think about the different meanings of a word, or words that sound alike, and how they can create a play on words that adds depth or humor to the language.
