Usage of "compensate" as a recompense for gain instead of loss [closed]

To keep this PG, I've changed the popular saying we've all heard:

"He has a huge truck to compensate for his small ego"

But I've recently been using a sort of counter to the joke, in one form or another (which will need some translation to be funny, or funnier I guess):

"I have a small truck to compensate for my large ego"

My question is, is this a correct usage of the word compensate? Can you compensate for something large with something smaller?

Solution 1:

Dictionary.com can answer your question:

2. to counterbalance; offset; be equivalent to: He compensated his homely appearance with great personal charm.

Imagine scales balancing your large ego on the one side with the small truck on the other.