I was wanting to know how to do the effect where one word drops in and smashes another word. Ive seen it in a couple of demonstrations but dont know how. thanks
I don't recall that text animation available in the public version of Keynote '09. I know what you mean, but I believe it's only available to Apple for their presentations.
It's a Build-In Action, so in Keynote's Inspector, select the third box, and choose the Build In tab. Once you select the text box, you can add effects to it.
UPDATE: Had to re-read your question, and sorry to say, I don't think it can be done with a single word. Hope my above tip helps anyway! 😀
It'll be in iWork '11
Steve always uses versions of KeyNote that haven't been released to the public. We always get the features that he uses in the next iWork release.