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Blamestorning you say?  What is blamestorming?  Yes this is a real word and according to Merriam-Webster.com
it means:

blamestorm (verb) : Generally pejorative, to spend, or more commonly waste, time attempting to place blame for a given failure.
They spent the whole meeting blamestorming about the quarterly losses. —Alex Flood,
Submitted by: flood from Michigan on Mar. 10, 2008 20:23
blamestorming:
(verb) : Sitting around in a group, discussing why a deadline was missed or a project failed, and who was responsible.
Submitted by: Anonymous on May. 15, 2007 16:34
(verb) : Gathering around in a group to discuss why a deadline was missed or a project failed and who is to blame or responsible.
All the managers were locked up in a meeting for the all day blamestorming about the lost contract.
Submitted by: munthu from Arizona on Mar. 12, 2007 16:16
(noun) : a meeting held in order to come up with a name of a person to assign guilt to a certain incident
The board of directors were exhausted after a four hour blamestorming session which finally resulted in two names for the chopping block. —Gab Halasz,
Submitted by: gab from Canada on Jan. 13, 2006 11:27

this is just one of the top 10 words of the year ( 2007)

The top #1 word is….drumroll please:

1. w00t (interjection)
expressing joy (it could be after a triumph, or for no reason at all); similar in use to the word “yay”

w00t! I won the contest!
Submitted by: Kat from Massachusetts on Nov. 30, 2005 23:18

Thousands of people take part in the Merriam-Webster’s Word of the Year and according to Webster, even though these words many not be included in their regular dictionary, they can be found on the online version.

Over 100 new words have been added to the latest edition of the Merriam-Webster Collegiate Dictionary of which here is a sampling:

Air quotes (1989): gesture made by raising and flexing the index and middle fingers of both hands, used to call attention to a spoken word or expression.

Dark energy (1998): hypothetical form of energy that produces a force that opposes gravity and is thought to cause the accelerating expansion of the universe.

Dirty bomb (1956): bomb designed to release radioactive material.
Dwarf planet (1993): celestial body that orbits the sun and has a spherical shape, but is too small to disturb other objects from its orbit.

Edamame (1951): immature green soybeans, usually in the pod.
Fanboy (1919): boy who is an enthusiastic devotee, such as of comics or movies.
Infinity pool (1992): outdoor swimming pool with an edge over which water flows into a trough, but seems to flow into the horizon.

Jukebox musical (1993): musical that features popular songs from the past.
Kiteboarding (1996): the sport of riding on a small surfboard propelled across water by a large kite, to which the rider is harnessed.
Malware (1990): software designed to interfere with a computer’s normal functioning.
Mental health day (1971): day that an employee takes off from work to relieve stress or renew vitality.
Mondegreen (1954): word or phrase that results from a mishearing of something said or sung. From the mishearing in a Scottish ballad of “laid him on the green” as “Lady Mondegreen.”
Netroots (2003): grassroots political activists who communicate via the Internet, especially by blogs.
Norovirus (2002): any of a genus of small round single-stranded RNA viruses; specifically, Norwalk virus.
Pescatarian (1993): vegetarian whose diet includes fish.

Phytonutrient (1994): bioactive, plant-derived compound (as resveratrol) associated with positive health effects.
Pretexting (1992): presenting oneself as someone else to obtain private information.

Prosecco (1881): a dry Italian sparkling wine.

Racino (1995): racetrack at which slot machines are available for gamblers.
Soju (1978): a Korean vodka distilled from rice.

Subprime (1995) 1: having or being an interest rate that is higher than a prime rate and is extended especially to low-income borrowers; 2: extending or obtaining a subprime loan.

Supercross (1983): motorcycle race held in a stadium on a dirt track having hairpin turns and high jumps.

Texas Hold ‘em (1995): Poker in which each player is dealt two cards face down and all players share five cards dealt face-up.

Webinar (1998): live, online educational presentation during which participating viewers can submit questions and comments.

Wing nut (circa 1900): Slang: one who advocates extreme measures or changes; radical.

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