This paper introduces a new large-scale n-gram corpus that is created specifically from social media text. Two distinguishing characteristics of this corpus are its monthly temporal attribute and that it is created from 1.65 billion comments of user-generated text in Reddit. The usefulness of this corpus is exemplified and evaluated by a novel Topic-based Latent Semantic Analysis (TLSA) algorithm. The experimental results show that unsupervised TLSA outperforms all the state-of-the-art unsupervised and semi-supervised methods in SEMEVAL 2015: paraphrase and semantic similarity in Twitter tasks.