This article is from the alt.usage.english FAQ, by Mark Israel misrael@scripps.edu with numerous contributions by others.
"Wog", a chiefly British, derogatory word for someone from the
Middle or Far East, does NOT stand for "wealthy/Western/wily/
wonderful/worthy Oriental gentleman", or for "worker on Government
service". It may be a shortening of "golliwog".
 
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