The update also marks the centenary of the birth of British novelist Roald Dahl with a range of new words connected to his writing including 'splendiferous', 'human bean', 'Oompa Loompa' and 'Dahlesque'.
The Oompa Loompas, Willy Wonka's diminutive workers, became fixed in the popular imagination as green-haired and orange-skinned thanks to the 1971 film adaptation of Dahl's popular book - Charlie and the Chocolate Factory.
The adjective Dahlesque makes its first appearance in the Oxford dictionary this month with a first quotation from 1983 in which a collection of stories is praised for its 'Dahlesque delight in the bizarre'.
The acronym YOLO (1996) is traced back to its axiomatic 'you only live once' - first used in a nineteenth-century English translation of Le Cousin Pons, a French book by Honore de Balzac.
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The word 'moobs' also features in the latest update, describing "embarrassing male appendages".
The Oxford English Dictionary is updated four times a year, every March, June, September and December since the year 2000.
The material added to the dictionary includes revised versions of existing entries, as well as new words and senses.
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