"Although the internet has made access easier, it's also created the dilemma of information overload."
Publishers Oxford University Press said a print version would only appear if there was sufficient demand when the third edition was completed. If it does appear in book form, it is expected to comprise 40 volumes - double the length of the second edition in 1989.
Mr Proffitt's team of 70 word experts - have been working on the latest version since 1994. They have a target of 50 to 60 words a month for the third edition, which currently numbers 800,000 words.
The second edition, which has nearly one third of a million entries, costs £750. It has been online since 2000 and receives more than two million hits a month.
Mr Proffitt said giant reference works such as the OED had a great future on the internet. He added: "In 1989, we looked for five years' recorded usage before a word entered the dictionary.
"Now it's ten years because there is so much more material to sift through. We look not only for frequency and longevity, but also breadth of use?...?It's a permanent record of language - a part of social history.'
- Daily Mail