Unsupervised vector representations of sentences or documents are a major building block for many language tasks such as sentiment classification. However, current methods are uninterpretable and slow or require large training datasets... Recent word vector-based proposals implicitly assume that distances in a word embedding space are equally important, regardless of context. We introduce contextual salience (CoSal), a measure of word importance that uses the distribution of context vectors to normalize distances and weights. CoSal relies on the insight that unusual word vectors disproportionately affect phrase vectors. A bag-of-words model with CoSal-based weights produces accurate unsupervised sentence or document representations for classification, requiring little computation to evaluate and only a single covariance calculation to ``train." CoSal supports small contexts, out-of context words and outperforms SkipThought on most benchmarks, beats tf-idf on all benchmarks, and is competitive with the unsupervised state-of-the-art. (read more)