Oxford University Press, on Tuesday, crowned the word “omnishambles” — defined as “a situation that has been comprehensively mismanaged, characterized by a string of blunders and miscalculations” — the U.K.’s top term of 2012.

The publisher typically chooses separate British and American winners, and this year’s American champion is “gif,” short for graphics interchange format, a common format for images on the Internet.

“YOLO” was a runner-up.

For the entire story head on over to TIME.

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