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Spanx billionaire learns not to use this word in UK

VIDEO1:4001:40
Spanx founder's very embarrassing BBC moment

Sitting next to Warren Buffett for a live interview on CNBC's "Squawk Box," Sara Blakely, the inventor of Spanx and founder of the women's undergarment company that's made her a billionaire, recounts an embarrassing BBC interview in which she used a word that has a very different meaning in England than it has in the U.S.

VIDEO13:5413:54
Spanx founder's butt her inspiration (full interview)

That's not all she spoke about, of course. Here's a clip of the entire lively and entertaining interview, including why her father encouraged her to fail when she was a child and Warren Buffett's words of praise for her.

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