maddawg - 9:03 pm on Apr 19, 2012 (gmt 0)
No problem, Gouri. Yes, I had a site that was ranked for a few months on page 1. Then it disappeared (page 9 or so). I did nothing for several months, and then one day I added more text without using the keyword and it came back ranked higher than before in a week or so. I would add that this website may have been a Panda victim. It had very little text in the first place so that may have been what caused it to drop out of first 8 pages. If your page is short on content, but uses the keyword in abundance I would definitely take my advice.
Tonearm, I don't want to jump to conclusions because I have not seen your website. That said, what you're describing sounds like classic over-optimization, particularly if you've been engaging in linkbuilding to the homepage for the term, "widget" and dropped back significantly. If that's the case, I would take out "widget" from the anchor text of your links, but ultimately just do whatever you think is best from a usability standpoint.