diff --git a/README.md b/README.md
index 8ea31d6059..699401b49b 100644
--- a/README.md
+++ b/README.md
@@ -351,8 +351,8 @@ ## Subtitle Options:
     --all-subs                       downloads all the available subtitles of
                                      the video
     --list-subs                      lists all available subtitles for the video
-    --sub-format FORMAT              subtitle format (default=srt) ([sbv/vtt]
-                                     youtube only)
+    --sub-format FORMAT              subtitle format, accepts formats
+                                     preference, for example: "ass/srt/best"
     --sub-lang LANGS                 languages of the subtitles to download
                                      (optional) separated by commas, use IETF
                                      language tags like 'en,pt'
diff --git a/youtube_dl/version.py b/youtube_dl/version.py
index 17317b29c2..1852d834b1 100644
--- a/youtube_dl/version.py
+++ b/youtube_dl/version.py
@@ -1,3 +1,3 @@
 from __future__ import unicode_literals
 
-__version__ = '2015.02.23'
+__version__ = '2015.02.23.1'