holds ohlds hlods lhods olhds lohds hodls ohdls hdols dhols odhls dohls hldos lhdos hdlos dhlos ldhos dlhos oldhs lodhs odlhs dolhs ldohs dlohs holsd ohlsd hlosd lhosd olhsd lohsd hosld ohsld hsold shold oshld sohld hlsod lhsod hslod shlod lshod slhod olshd loshd oslhd solhd lsohd slohd hodsl ohdsl hdosl dhosl odhsl dohsl hosdl ohsdl hsodl shodl oshdl sohdl hdsol dhsol hsdol shdol dshol sdhol odshl doshl osdhl sodhl dsohl sdohl hldso lhdso hdlso dhlso ldhso dlhso hlsdo lhsdo hsldo shldo lshdo slhdo hdslo dhslo hsdlo shdlo dshlo sdhlo ldsho dlsho lsdho sldho dslho sdlho oldsh lodsh odlsh dolsh ldosh dlosh olsdh losdh osldh soldh lsodh slodh odslh doslh osdlh sodlh dsolh sdolh ldsoh dlsoh lsdoh sldoh dsloh sdloh
Note: these 'words' (valid or invalid) are all the permutations of the word holds. These words are obtained by scrambling the letters in holds.