Last week, the Oxford English Dictionary (OED to you logophiles) added a new entries into its venerable dictionary.
I'm pretty sure you've heard of some of the new entries:
Retweet
verb: (on a social networking service Twitter) repost or forward (a message posted by another user)Sexting
noun: the sending of sexually explicit photographs or messages via mobile phoneCyberbullying
noun: the use of electronic communication to bully a person, typically sending messages of an intimidating or threatening natureWoot
exclamation: (especially in electronic communication) used to express elation, enthusiasm, or triumphTextspeak
noun: language regarded as characteristic of text messages, consisting of abbreviations, acronyms, initials, emoticons, etc...
Previously on Neatorama: OMG and LOL Added to OED
Just because a word is considered dumb or asinine is no excuse to keep it out of the English language.