The American Dialect Society recently chose ‘Plutoed’ as its 2006 Word of the Year*. The word is defined as, v. to demote or devalue someone or something. (You may recall that last year the General Assembly of International Astronomical Union determined that what had up until then been the planet Pluto did not meet its definite of a planet.)
*The runner-up word was “climate canary”, defined as “an organism or species whose poor health or declining numbers hint at a larger environmental catastrophe on the horizon. I think term applies to those individuals whose position within the proposal function is the first one eliminated when an organizations is faced with the need to cut costs. I think these individuals are definitely “climate canaries” as the elimination of their position is a sure indicator of larger problems within the organization.