I use what Demetrius suggested. In particular, I have the following two lines in my .emacs
(global-hi-lock-mode t) (global-set-key (kbd "CMh") 'highlight-regexp)
Every time I need to highlight a specific word (or regular expression) in the buffer, I press "CMh", which then calls me a word (or regular expression), which I want to show in different ways, and then display it on the face.
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