GIF is an abbreviation for three very different words. This GIF is a single word for three separate words such as (1) Graphics (2) Interchange and (3) Format. This abbreviation is first reported to be seen in 1987 when it was released by the CompuServe. It even said to have experienced a totally dramatic resurgence. It is popularly used in a farcical way during commentary related to sports. Even its use is noted in the presidential elections held in 2012 in the US
The other word which could also have got selected as the word of the year 2012 is the word which is also an abbreviation like GIF that is YOLO. The word stands for a very popular phrase such as “You Only Live Once.” The second runner-up was the word “SuperStorm” which is named after the most major and the most devastating storm that hit the Eastern US during the first week of this month, November.
A bit about the selection of the British Oxford Dictionaries:
One thing common that which is needed to be mentioned here is this that the words here show some sort of neologism or shows the growing influence of the cultural landscape (Please, take a note of this too that the word may or may not get included in the next edition of the dictionaries as the word of the year 2012).