import itertools
lst = ['A', 'WORD', 'B' , 'C' , 'WORD' , 'D']
w = 'WORD'
spl = [list(y) for x, y in itertools.groupby(lst, lambda z: z == w) if not x]
this creates a splitted list without delimiters, which looks more logical to me:
[['A'], ['B', 'C'], ['D']]
If you insist on delimiters to be included, this should do the trick:
spl = [[]]
for x, y in itertools.groupby(lst, lambda z: z == w):
if x: spl.append([])
spl[-1].extend(y)