Here's an excerpt from an article that I found informative:
"We speak too carelessly of the deep and sacred things of God..."
"The plain truth is the word Christ means
"Anointed". Although we generally think of the word
"anointed" in a spiritual context, the word in and of itself isn't spiritual.
"Anointed" simply means to pour over, smear on and rub into. When you go to the beach, you
"anoint" yourself with suntan lotion. So there's nothing particularly special about the generic word
"anoint". But when you begin to talk about Jesus being The Christ, the One who has been sent by God and
"anointed" with God's reconciling, quickening, saving, transforming power, the word becomes very, very special. It takes on great significance, not just because it's some kind of mystical, religious term, but because of the powerful, practical nature of what
"the anointing" of God is, and can do!
Christ is the transliteration of the Greek word "Christos,"
(
This so reminds me of when we talk about slinging "Crisco"! 
)
which simply means one
"anointed" with holy oil. The Hebrew "Mashiach," from which we get our word Messiah, has the same meaning as the Greek word "Christos," which is
"the Anointed". It comes from a root word which simply means to smear or rub with oil. The first time we meet with holy oil in the scriptures is in the narrative of Jacob's experience at Bethel. "And Jacob awaked out of his sleep, and he said, Surely the Lord is in this place! . . . And Jacob took the stone that he had put for his pillows, and set it up for a pillar, and poured oil upon the top of it. And he called the name of that place Beth-el." And from that memorable morning, all through the Old Testament, wherever there was a spot of common earth to be separated unto God and consecrated, or a common object to be dedicated to holy use, or a common man to be set apart and sanctified as a priest, or a sovereign to be enthroned and crowned, Jacob's holy oil was always employed for that sacred purpose. Holy oil became one of the most impressive and important, as well as one of the most universal, of all the sacramental signs and seals in the Old Testament economy.
It continued to be so, till all consecration, and all sacrifice, and all priesthood, and all sovereignty came to their consummation in Jesus, the Christ of God -
"the Anointed" of Yahweh! And thus it is that His Old Testament name, The Messiah, and His New Testament name, The Christ, and His English name,
"The Anointed One", contain and convey to us the whole heavenly history of His election from everlasting, His predestination, His incarnation, His calling, His consecration, and His complete equipment, in every way, for all the position and ministry and glory and dominion He now fills as the Son of God. When our Lord first announced Himself to Israel, He opened the book of Isaiah, and found the place where it was written of Him: "The Spirit of the Lord is upon me, because He hath
anointed me to preach the gospel to the poor: He hath sent me to heal the broken-hearted, to preach deliverance to the captives, and recovering of sight to the blind, and to set at liberty them that are bruised." This, then, is the true Messiah, the true Christ, the true
"Anointed" - the Christ of God! Even as Peter opened his mouth, and began to preach Christ to Cornelius, and to all his house, in these very words: "How God
anointed Jesus of Nazareth with the Holy Ghost, and with power: who went about doing good, and healing all that were oppressed of the devil; for God was with Him."
And this is how this great name, "The Christ," came to be given to the man, Jesus of Nazareth, above all other men. Almighty God took that chosen man and
"anointed" Him, as man had never been before, with the Holy Ghost. That is to say, God filled the man Jesus of Nazareth as full as human nature could hold of the mind, and the spirit, and the grace, and the glory, and the power of the Divine Nature. And having so
"anointed" Him, God then presented Him to Israel, and through Israel to the whole world, as the Son of God in human flesh.
Some say that Christ is
"the anointing", but that is not quite the truth. Jesus the Christ is
"the Anointed",
"the Anointed One", and Christ is the one
"anointed", not
"the anointing". The oil typifies
"the anoint-ing", but the one upon whom the oil was poured was the
"anoint-ed"...
Jesus was not the oil - He was the prophet, priest, and king upon whom the oil was poured! He is not
"the anoint-ing" - He is
"the anoint-ed"!
While we rejoice in the wonderful fact that Jesus is the Christ, the deeper truth is that as Jesus is
"the Anointed", or the Christ, even so are we! Contrary to popular teaching Christ is not only the one man, Jesus - not merely one person, but many. "For as the body is one, and hath many members, and all the members of that one body, being many, are one body: so also is Christ!" (I Cor. 12:12). In union with Jesus Christ,
"the anointing" which made Jesus the Christ now makes you and me the Christ. It is because
"the Anointed" is in us, and we are in Him! We have received of
"HIS ANOINTING". "But
the anointing which ye have received of Him abideth in you...and ye shall abide in Him" (I Jn. 2:27). According to this passage
"the anointing" which we have received from Him has now become our
"anointing" because we abide or dwell in Him. Jesus Christ is
"THE ANOINTED ONE" and we are members of His body - therefore we are IN
"THE ANOINTED ONE" and share
"HIS ANOINTING". It is not Christ as
"the anointing" that makes us
"the anointed", it is our participation in the very substance of Christ -
"the Anointed One" - that makes us
"anointed"! He is not our
"anointing" -
"the anointing" which He received from the Father is now also our
"anointing"!..."
(If that's not enough, you can read the article in its entirety
here.)
Because it so reflects and responds to where I am, I really most appreciated this author's attempt to differentiate between and examine some of our most commonly (and imho, ambiguously) used terms like:
anoint (verb)
anointed (past tense of verb)
anointed (adjective)
The Anointed (Christ)
The Anointed One (Christ)
anointing (present tense of verb)
the anointing (noun)
The/His Anointing (Christ's Anointing)
the "anointment" (Ebonics)
The article also admittedly can still make my head spin, but certainly no more so than the hodgepodge of words and meanings much of the Church uses to discuss this subject has already been doing for a very long time. I'm not put off by a little temporary "verbal vertigo" if the result is greater clarity and understanding. I think this person may actually be offering some and as I read our differences of understanding, even in the last few posts, I'm encouraged that I am not alone in needing it!
) 
(need some brownie points) 