I am not much of a lipstick connoisseur because I am allergic to most brands :(
Knowing which lipstick colors look good with your skin tone is very important (but that is a whole other blog tip or you can buy a Color Booklet from www.HipBargainChick.com :))
Right now, let's concentrate on the glossary (no pun intended) of old and 'new' lipstick lingo:
This classic texture is especially pretty in neutral shades.
Frosty lipstick is new again thanks to tiny light-reflecting particles that impart sheen.
GEL: Full-coverage formulas tend to be thick and sticky. Gel lip color is less waxy.
GLOSSY: A range of finishes and hues makes gloss a favorite. Just be prepared to reapply often!
MATTE: An extremely pigmented formula that offers total coverage but shows every little mistake. Make it neat by applying it with a lip brush.
MIST: Burberry makes a 'Mist' lipstick that delivers a soft, silky wash in one swipe that is supposed to last up to 3 hours.
The color only looks intense; this semiglossy formula is a fresh way to wear brights.
SHINE: Equal parts high-shine gloss and creamy lipstick. It goes on light but can be layered for more intensity.
STAIN: Its water-based formula dries quickly, tinting lips with a transparent wash of long-lasting color.
CANDY: Yves Saint Laurent makes a Sheer Candy that gives lips a stain with a pop of pigments in a balm-like base (what ever that means.... haven't tried it)