Updated 12:50 p.m. ET
Yahoo is one step closer to recycling usernames. The Web giant announced Monday the launch of Watchlist -- a service that will send a notification when a username becomes available.
For about $2, anyone can add up to 5 usernames that they want. Yahoo will send a notification if a name comes up, and that person will have 14 days to claim their name. The list is active for up to three years. Popular names may require a little more patience and a few extra bucks.
A spokesperson for Yahoo told CBSNews.com: "If the username hasn't come up after three years, the user has the option to re-register on the Watchlist for $1.99 for another three years."
The company also released a list of top requested names for both sexes. David, Michael and Alex top the list for males, while Maria, Jennifer and Jessica are the top three most requested names for females.
Yahoo announced in July that it would release usernames that have not been active for a year. At the time, the company created a wish list for people who want a username that will be recycled. That list has now been transferred to the Watchlist for free.