diff --git a/wp-includes/functions.php b/wp-includes/functions.php
index 458b47ea9b..775d5f4b95 100644
--- a/wp-includes/functions.php
+++ b/wp-includes/functions.php
@@ -4742,21 +4742,3 @@ function wp_validate_boolean( $var ) {
 
 	return (bool) $var;
 }
-
-/**
- * Helper function to retrieve an incrementer identified by $group
- *
- * @since 4.1.0
- *
- * @param string $group The cache group for the incrementer.
- * @param bool $force Whether or not to generate a new incrementor.
- * @return int The timestamp representing 'last_changed'.
- */
-function wp_get_last_changed( $group, $force = false ) {
-	$last_changed = wp_cache_get( 'last_changed', $group );
-	if ( ! $last_changed || true === $force ) {
-		$last_changed = microtime();
-		wp_cache_set( 'last_changed', $last_changed, $group );
-	}
-	return $last_changed;
-}
\ No newline at end of file
diff --git a/wp-includes/taxonomy.php b/wp-includes/taxonomy.php
index defc36cd8e..22d74cd23e 100644
--- a/wp-includes/taxonomy.php
+++ b/wp-includes/taxonomy.php
@@ -1291,11 +1291,11 @@ function get_term($term, $taxonomy, $output = OBJECT, $filter = 'raw') {
 		return $error;
 	}
 
-	$group = $taxonomy . ':' . wp_get_last_changed( 'terms' );
+	$incrementor = wp_cache_get( 'last_changed', 'terms' );
 	if ( is_object($term) && empty($term->filter) ) {
-		wp_cache_add( $term->term_id, $term, $taxonomy );
-		wp_cache_add( "slug:{$term->slug}", $term->term_id, $group );
-		wp_cache_add( "name:" . md5( $term->name ), $term->term_id, $group );
+		wp_cache_add( $term->term_id, $term, $taxonomy . ':terms:' . $incrementor );
+		wp_cache_add( $term->slug, $term->term_id, $taxonomy . ':slugs:' . $incrementor );
+		wp_cache_add( $term->name, $term->term_id, $taxonomy . ':names:' . $incrementor );
 		$_term = $term;
 	} else {
 		if ( is_object($term) )
@@ -1306,9 +1306,9 @@ function get_term($term, $taxonomy, $output = OBJECT, $filter = 'raw') {
 			$_term = $wpdb->get_row( $wpdb->prepare( "SELECT t.*, tt.* FROM $wpdb->terms AS t INNER JOIN $wpdb->term_taxonomy AS tt ON t.term_id = tt.term_id WHERE tt.taxonomy = %s AND t.term_id = %d LIMIT 1", $taxonomy, $term) );
 			if ( ! $_term )
 				return null;
-			wp_cache_add( $term, $_term, $taxonomy );
-			wp_cache_add( "slug:{$_term->slug}", $term, $group );
-			wp_cache_add( "name:" . md5( $_term->name ), $term, $group );
+			wp_cache_add( $term, $_term, $taxonomy . ':terms:' . $incrementor );
+			wp_cache_add( $_term->slug, $term, $taxonomy . ':slugs:' . $incrementor );
+			wp_cache_add( $_term->name, $term, $taxonomy . ':names:' . $incrementor );
 		}
 	}
 
@@ -1381,14 +1381,14 @@ function get_term_by($field, $value, $taxonomy, $output = OBJECT, $filter = 'raw
 		return false;
 
 	$cache = false;
-	$group = $taxonomy . ':' . wp_get_last_changed( 'terms' );
+	$incrementor = wp_cache_get( 'last_changed', 'terms' );
 	if ( 'slug' == $field ) {
 		$field = 't.slug';
 		$value = sanitize_title($value);
 		if ( empty($value) )
 			return false;
 
-		$term_id = wp_cache_get( "slug:{$value}", $group );
+		$term_id = wp_cache_get( $value, $taxonomy . ':slugs:' . $incrementor );
 		if ( $term_id ) {
 			$value = $term_id;
 			$cache = true;
@@ -1397,7 +1397,7 @@ function get_term_by($field, $value, $taxonomy, $output = OBJECT, $filter = 'raw
 		// Assume already escaped
 		$value = wp_unslash($value);
 		$field = 't.name';
-		$term_id = wp_cache_get( "name:" . md5( $value ), $group );
+		$term_id = wp_cache_get( $value, $taxonomy . ':names:' . $incrementor  );
 		if ( $term_id ) {
 			$value = $term_id;
 			$cache = true;
@@ -1429,9 +1429,9 @@ function get_term_by($field, $value, $taxonomy, $output = OBJECT, $filter = 'raw
 
 	$term = sanitize_term($term, $taxonomy, $filter);
 
-	wp_cache_add( $term->term_id, $term, $taxonomy );
-	wp_cache_add( "slug:{$term->slug}", $term->term_id, $group );
-	wp_cache_add( "name:" . md5( $term->name ), $term->term_id, $group );
+	wp_cache_add( $term->term_id, $term, $taxonomy . ':terms:' . $incrementor );
+	wp_cache_add( $term->slug, $term->term_id, $taxonomy . ':slugs:' . $incrementor );
+	wp_cache_add( $term->name, $term->term_id, $taxonomy . ':names:' . $incrementor );
 
 	if ( $output == OBJECT ) {
 		return $term;
@@ -3670,7 +3670,7 @@ function clean_term_cache($ids, $taxonomy = '', $clean_taxonomy = true) {
 		do_action( 'clean_term_cache', $ids, $taxonomy );
 	}
 
-	wp_get_last_changed( 'terms', true );
+	wp_cache_set( 'last_changed', microtime(), 'terms' );
 }
 
 /**
@@ -3776,10 +3776,11 @@ function update_term_cache($terms, $taxonomy = '') {
 		if ( empty($term_taxonomy) )
 			$term_taxonomy = $term->taxonomy;
 
-		wp_cache_add( $term->term_id, $term, $term_taxonomy );
-		$group = $term_taxonomy . ':' . wp_get_last_changed( 'terms', true );
-		wp_cache_add( "slug:{$term->slug}", $term->term_id, $group );
-		wp_cache_add( "name:" . md5( $term->name ), $term->term_id, $group );
+		$incrementor = wp_cache_set( 'last_changed', microtime(), 'terms' );
+
+		wp_cache_add( $term->term_id, $term, $term_taxonomy . ':terms:' . $incrementor );
+		wp_cache_add( $term->slug, $term->term_id, $taxonomy . ':slugs:' . $incrementor );
+		wp_cache_add( $term->name, $term->term_id, $taxonomy . ':names:' . $incrementor );
 	}
 }
 
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 3c6d9ce753..ef26277c45 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -4,7 +4,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '4.1-alpha-30072';
+$wp_version = '4.1-alpha-30073';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.