I hate the use of the word "simplistic" when the word used should be "simple". "Simple" is good, "Simplistic" is bad. We want things to be presented in a clear, concise and "Simple" manner. We do NOT want an abbreviated, "Simplistic" explanation.
"Caveat" can be used as a verb, but why would you do so? It gives the air of erudition, but when you realize the person isn't even using the awkward form of its use properly you can get really annoyed.
"We put the vendors in this room to give them access to wireless because we'd caveated it away, or segmented it away from the rest of the network."
It has its unfortunate usage in law and was unfortunate enough to have found a "Typhoid Mary" in Alexander Haig.
In law it may be used as a verb in the following manner:
2. Law A formal notice filed by an interested party with a court or officer, requesting the postponement of a proceeding until the filer is heard. v.ca·ve·at·ed or ca·ve·at·ted, ca·ve·at·ing or ca·ve·at·ting, ca·ve·ats v.intr.Law To enter a caveat. v.tr.Informal To qualify with a warning or clarification: The spokesperson caveated the statement with a reminder that certain facts were still unknown. The trouble with Alexander Haig... " Haig, a former chairman of United Technologies Corp. who once lived in Farmington, loved to use nouns as verbs. He sometimes used "caveat" to mean "I'm saying this with a warning" ("I'll have to caveat my response, Senator") and "context" to mean "to place in context" ("Not in the way you contexted it, Senator").
*edited to say "word", "term" should only be used when referring to technical argot. (I'm caveatting myself here.)