How does a new word get added to the Dictionary?

Thank you Yahoo Answers and Philip for answering my Question.

It is not just about "creating" a new word. It is not just about suggesting a word to Webster or Oxford. It is about acceptance by the english speaking world. Are people using your new word?

According to Merriam-Webster:

To decide which words to include in the dictionary and to determine what they mean, Merriam-Webster editors study the language as it's used. They carefully monitor which words people use most often and how they use them.

Each day most Merriam-Webster editors devote an hour or two to reading a cross section of published material, including books, newspapers, magazines, and electronic publications; in our office this activity is called "reading and marking." The editors scour the texts in search of new words, new usages of existing words, variant spellings, and inflected forms—in short, anything that might help in deciding if a word belongs in the dictionary, understanding what it means, and determining typical usage. Any word of interest is marked, along with surrounding context that offers insight into its form and use.

According to the Oxford English Dictionary:

Imagine that are reading your favourite newspaper over breakfast. The news column tells you that new "e-tailers" have underestimated the time it takes to build a loyal customer base. You discover that the term is an abbreviation of "electronic retailer".

It is very likely that this word will have been picked up by the OED's Reading Programme, a large ongoing project employing around fifty readers. All types of contemporary printed material are looked at - novels, television scripts, song lyrics, and so on, as well as newspapers and magazines - and searched for entirely new words, or interesting new uses of existing words. The findings of the Reading Programme are stored in a vast searchable electronic database of quotation material called 'Incomings'.

In one of my regular analyses of the Incomings database, I see that "e-tailer" has appeared several times in recent publications. I note the word for further investigation, and perhaps for eventual inclusion in the Dictionary.

So, it looks like if I want to get this word considered, I need to find evidence of its usage. I am getting somewhere now....