new word: staycation

New word spotted in the LA Times a week or so ago, clearly spawned by the credit crunch:
Enjoy the "Family Staycation" in your very own resort. (Berks Luxury Outdoor Furniture)
I really like this new word! It also came up on the Jon Stewart show last week and can now be found all over the place.
Now I've invented another one for our British readers – raincation. I would define a raincation as a holiday taken in the UK.