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The "M-word" refers to the one that shall not be named (for obvious reasons). He resembles a sheep or even a cauliflower.
Stop saying the m-word you fucking retard.
M-word by Phelics November 19, 2020
A censored way of saying masturbation. Often used by twitter accounts that don't want to be flagged or generally anyone uncomfortable with saying masturbation/masturbate.
I wanted to m word last night but my dog kept walking into my room.
m word by Confusedd November 17, 2020
One way to say Micro-transactions. A micro-transaction is the process that happens when you buy an item in a multi-player game with real money. Many games now have micro-transactions and it pisses off players when they include pay-to-win items, or when the game is not free-to-play and has content locked behind micro-transactions. It's arguably the worst thing that happened to paid video games in the last few years.
The problem with Black Ops 4 isn't gameplay, it's the m word
m word by helper34546211 November 6, 2019
bilingual: morbus (disease)
Lamar: he said the m word!!
m word by balyedi May 11, 2022

The M word

Otherwise known as “The Scottish Play, the M word is never to be said in any theater under any circumstances. It is seen as extremely taboo among the thespian community, and is associated with whatever show is being produced failing or having some sort of tragedy in the cast.
Person A: “this show is so dumb, can’t we put on something cool... like Macbeth

Person B: “Bro, you can’t say the M word in a theater”
The M word by Macintosh Beth October 11, 2019

The M-word 

Thanks to a shity gaming company otherwise known as EA. The M-word is otherwise known as microtransactions. Other commonly used references are micro gambling.
EA: We need to punch loyal gamers in the dick, but how?
DICE: Please dont say the M-word..
EA: MICROTRANSACTIONS!!!

DICE: Welp...
REDDIT: WHAT THE FUCK?!?!
EA: The intent is to provide players with a sense of pride and accomplishments for unlocking different Heroes.
Reddit: Nope!