How do you remove words from the stock Android dictionary?

I’m using a Galaxy Nexus running 4.2.1, with the swype-esque stock keyboard. I find myself constantly mispelling “you” as “tiu” and “tonight” as “ringgit” with the keyboard based on my finger swipes.

Is there a way to remove these words from the predictive text list? I don’t see myself having the need to discuss the English god of War and Sky while exchanging Malaysian currency anytime in the near future.