Save The Words Saturday – Icasm

Icasm

Noun.

Definition: Figurative expression.

Example:"The President's speech was full of icasms,
which probably means he didn't understand it either."

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Content from savethewords.org

*UPDATE 08/01/13 Sadly savethewords.org is no more, but if you love this word
 you can still adopt it by using it in conversation and introducing friends
 to it and other lost words*