Co-occurrence statistics based word embedding techniques have proved to be very useful in extracting the semantic and syntactic representation of words as low dimensional continuous vectors. In this work, we discovered that dictionary learning can open up these word vectors as a linear combination of more elementary word factors. We demonstrate many of the learned factors have surprisingly strong semantic or syntactic meaning corresponding to the factors previously identified manually by human inspection. Thus dictionary learning provides a powerful visualization tool for understanding word embedding representations. Furthermore, we show that the word factors can help in identifying key semantic and syntactic differences in word analogy tasks and improve upon the state-of-the-art word embedding techniques in these tasks by a large margin.