Webster's English Dictionary

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flotsam

flot.sam \'fla:t-s*m\ n [AF floteson, fr. OF floter to float, of Gmc 
   origin; akin to OE ]flotian to float, flota ship 1: floating wreckage of a 
   ship or its cargo  2a: vagrant impoverished people  2b: unimportant 
   miscellaneous material