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I think the work your looking for is reinvent? You can reinvent the wheel, but it's far too late to invent it.

Are you on crack? he said he "created or invented" it. You posted definitions for those words which perfectly fit what he said then said "not even close".

Lets start with create:

1. To cause to exist; bring into being. See Synonyms at found1. Arguable, but potentially yes
2. To give rise to; produce: That remark created a stir. Definitely yes
3. To invest with an office or title; appoint. Not applicable
4. To produce through artistic or imaginative effort: create a poem; create a role. definitely yes

Now invent:

1. To produce or contrive (something previously unknown) by the use of ingenuity or imagination. He didn't previously know it, nor did you or I. So yeah, it fits
2. To make up; fabricate: invent a likely excuse.Since he made it up on the spot this one also clearly fits

His words were accurate under almost all of your definitions.
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