If the words will be unique, you have two choices, if not, then 1.
The choice that works in either case is to add a dimension, which might be something like:
$words[] = array('word' => 'this', 'new' => 'Y');
$words[] = array('word' => 'is', 'new' => 'N');
Then you would access the values as $words[0]['word'] or $words[1]['new'], for example.
If the words will be unique, then you could use them as an associative array key and keep it at just one dimension (the values would be the Y/N to indicate newness):
$words['this'] = 'Y';
$words['is'] = 'N';
I'd likely go with the first, multi-dimension choice as it is more flexible and scalable, plus you don't have to worry about whether any of the words might happen to have some invalid character that cannot be used as an array key.