The Word of the Day is “exegesis:”
Exposition; explanation; especially, a critical explanation of a text.
The Oxford Word of the Year is “unfriend:”
To remove someone as a ‘friend’ on a social networking site such as Facebook.
Runners up included:
Zombie bank – a financial institution whose liabilities are greater than its assets, but which continues to operate because of government support
Teabagger – a person, who protests President Obama’s tax policies and stimulus package, often through local demonstrations known as “Tea Party” protests (in allusion to the Boston Tea Party of 1773)
Deleb – a dead celebrity
I think the Oxford editors had a bad year financially and on social networks, perhaps.