Psy- Gangnam Style; every one knows the most listened song on YouTube which has achieved its status within a very short period of time. The title itself is recognized world wide as the epitome of a high-class life.
This word has now been recognized by the Collins Dictionary which has several million users in the world. The South Korean K-Pop sensation is a song that mocks the rich-class style around and area called Gangnam in Seoul where middle class girls try to woo the wealthy boys.
The word “Gangnam Style” has been adopted by the dictionary along with several other words such as “Romneyshambles”, fiscal cliff among others.
Collins dictionary online elaborates on the word saying that, 'Gangnam Style' is a Korean neologism that refers to a lifestyle associated with the Gangnam district of Seoul, where people are trendy, hip and exude a certain supposed 'class', while quoting Wikipedia.
It explains Fiscal Cliff as a quick way to explain the confusion that the US government will face at the end of 2012, with the Budget Control Act. "Romneyshambles" is a self-explanatory word which will speak of Mitt Romney's gaucherie at London in July when he questioned of Britain was ready to host an Olympics.
The consultant editor of the dictionary says, "We were looking for words that told the story of the year. Some words are from events that have been and gone and so are not likely to stick around... but others are probably here to stay”.