Yes, this is right. In Kyushu, this is a common sound change which sounds masculine (but girls can use it too). The one I hear the most is "suge" short for "sugoi". Children use it all the time, but sometimes I hear adults using it. I think this slang is nationwide, but I'm not sure about "kakke", the one you mentioned. I haven't heard it in Kyushu.
I guess it's kinda like modifying "cool" into "kewl" or something. Just a sound change.