The concepts of neologisms and buzzwords are discussed in the article based on linguistic illustrations from two lexicographic projects. This paper examines buzzwords registered in the on-line format of The Global Language monitor in 2020 and on-line version of Macmillan Online Dictionary in 20162020. Buzzwords reflect the adaptation of language to modern trends in the development of society and language, as they appear in the modern world to denote new realities. They contribute to a more accurate description of new processes in the development of the world and sociocultural realities in the English-speaking society. Due to the fast changes within the bulk of English buzzwords in the epoch of globalization the problem of their linguistic status has not been studied and described in details that is why it is reasonable to consider some aspects of their functional potential in the terms of linguocultural and sociocultural characteristics to contribute to the adequate interpretation of this word cluster relevant for modern English lexicography. Moreover, the study of English buzzwords is aimed at renewing the information about the interaction between human beings and their social, cultural setting and cognitive requirements. The classification worked out is considered as another attempt to establish the role of English buzzwords in consolidating renewed information about modern trends in the development the English language in the XX1 century.