The word count is on

You see it out of the corner of your eye and can't help looking at it every few minutes, that's right it's the word count!
"What does this word count mean?" you ask.
So lets break it down:

(This given to us by: Science Fiction and Fantasy Writers of America)

7,500 words is a short story
7,500 to 17,500 word is a Novelette
17,500 to 40,000 words is a Novella
and over 40,000 words is considered a Novel

So now we both know!