hobnob

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You may swim this summer, but is the past tense "swum" or
"swam?" Check out our Concise Dictionary of English Usage.
http://www.merriam-webster.com/cgi-bin/book.pl?conusg.htm&6
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The Word of the Day for July 23 is: 

hobnob   \HAHB-nahb\   verb
     : to associate familiarly

Example sentence:
     Bill hoped his new job as a reporter would give him an opportunity to 
hobnob with politicians and other notables.

Did you know?
     "Hob" and "nob" first came together in print in Shakespeare's _Twelfth 
Night_, when Sir Toby Belch warned Viola (who was disguised as a man) that Sir 
Andrew wanted to duel. "Hob, nob is his word," said Sir Toby, using "hob nob" 
to mean something like "hit or miss." Sir Toby's term is probably an alteration 
of "habnab," a phrase that meant "to have or not have, however it may turn 
out." After Shakespeare's day, "hob" and "nob" became established in the 
phrases "to drink hob or nob" and "to drink hobnob," which were used to mean 
"to drink alternately to each other." Since "drinking hobnob" was generally 
done among friends, "hobnob" came to refer to congenial social interaction.