diff --git a/README.md b/README.md
index 0eec2e0cb..54d59ea3e 100644
--- a/README.md
+++ b/README.md
@@ -181,7 +181,9 @@ which means you can modify it, redistribute it or use it however you like.
                                      preference using slashes: "-f 22/17/18".
                                      "-f mp4" and "-f flv" are also supported.
                                      You can also use the special names "best",
-                                     "bestaudio", "worst", and "worstaudio"
+                                     "bestaudio", "worst", and "worstaudio". By
+                                     default, youtube-dl will pick the best
+                                     quality.
     --all-formats                    download all available video formats
     --prefer-free-formats            prefer free video formats unless a specific
                                      one is requested
diff --git a/youtube_dl/version.py b/youtube_dl/version.py
index 4c714f9f7..bcec90fe4 100644
--- a/youtube_dl/version.py
+++ b/youtube_dl/version.py
@@ -1,2 +1,2 @@
 
-__version__ = '2014.01.23.1'
+__version__ = '2014.01.23.2'