Congratulations, English speakers! We’ve hit the millionth word in our lexicon, according to Paul J.J. Payack, president of the Global Language Monitor.

A million words, you might say? And what could the lucky letter-collection be? It’d have to be up alongside pulchritudinous — extremely beautiful — or Hippopotomonstrosesquippedaliophobia — the fear of long words.

Or maybe you’re thinking, “A million words? That’s ridiculous.” We agree. Especially when the language’s native speakers have active vocabularies between 17,000 and 22,000 words, according to a recent study authored at the University of Calgary.

Payack, whose methodology only counts words that have been used 25,000 times in the dictionaries, publications and news articles, has added Web 2.0 to our list of words. Yes, you read that correctly. Web 2.0 refers to the new age of internet technology and, according to the Monitor’s Web site, it beat out the likes of “n00b,” “slumdog” and “Jai Ho.” So, on behalf of wordsmiths worldwide, we’d like to welcome “Web 2.0” into the fold. Try not to pine for the days when letters and numbers together meant algebra, not vocabulary lessons, and when colloquial quirks of the language weren’t considered eligible for the dictionary.