While I’d like to think schadenfreudegasm could actually be the 2012 Word-of-the-Year, it’s a bit too intellectually edgy; it’ll be easily knocked out of the running by some Twitter-related derivative gerund, no doubt, that won’t require much thought.
That said, to learn how one achieves a state of schadenfreudegasm, watch THIS absolutely priceless Daily Show segment: Jon Stewart and John Oliver engage in some oneupmanship to find out who’s country–the UK or the USA–has the worst media. The News of the World phone hacking scandal is the big theme.