Where does the word dude come from?
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Where does the word 'posh' come from?
Not from the accommodation arrangements on ships to India as is commonly claimed. The story goes that the more well-to-do passengers on ships travelling between England and India used to have POSH written against their bookings, standing for 'Port Out, Starboard Home' (indicating the more desirable cabins, on the shady side of the ship). Unfortunately, this story did not make its appearance until the 1930s, by which time the term had already been in use for some twenty years. Added to this, the word does not appear to have been recorded in the form 'P.O.S.H.', which would be expected if it had started life as an abbreviation. ( Source ) A more likely source is the 1890s slang word for a dandy, but there is no agreement about origin.
OMG! Why did the Oxford English Dictionary include OMG?
Because the OED tries to reflect the language as spoken and written. English is as Richard Lederer pointed out 'the most democratic language in history'. To learn about the process by which words are selected see this interview with the OED editor. Oxford Dictionary of English Concise Oxford English Dictionary: 11th Edition Revised 2008 Shorter Oxford English Dictionary: Sixth Edition