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Merriam-Webster recently announced their new words for 2009. In addition to many tech-related words such as vlog and webisode, one of the new words added to this year's version of the dictionary is staycation.
stay·ca·tion Pronunciation: \ˈstā-ˈkā-shən\ Function: noun Etymology: blend of stay and vacation Date: 2005 : a vacation spent at home or nearby — stay·ca·tion·er \ˈstā-ˈkā-sh(ə-)nər\ noun