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The correct spelling is margarine (butter substitute, also oleomargarine).
M. J. Wilton has written:
'Oleomargarine'
There are 6 syllables. o-le-o-mar-ga-rine.
onion
omelet
okra
oreo
oleomargarine
oregano
A spread made chiefly from vegetable oils and used as a substitute for butter
Synonyms: margarine, margarin, oleo, marge.
Source: Answers.com