Lake Superior State University has published it's list of words to be banished in 2006 (and thereafter, presumably). The 2006 list includes gems such as hunker down, FEMA, and person of interest.
Scenario - Spread like wildfire after Watergate. It can be roughly translated as "I don't know what had happened (or will happen) but this is a scenario." Means: "I'm making this up." Also used when reporter doen't want to use "according to unimpeachable source."