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Derived from the words 'wanker' and 'anchor', the [Portmanteau word] 'wanchor' is used primarily as an insult on the Lycos UK chat site to indicate that a moderator is either: a) [underperforming] in their task, b) displays arrogance and appalling manners online, c) is known to offer sexually themed web cam shows to other users, d) displays mind-numbing [incompetence] that infuriates users, e) lacks people skills.
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