Verb - The act of finding an amusing acronym for something. Coming up with some amusing acronyms vaguely based on the concept, then using a thesaurus to fill in the blanks. Leads to very contrived or stretched expansions of the acronyms.
May end up with decidedly dodgy acronyms, or intentional double-entendres. Generally adds to the bullshit-bingo used in project meetings.
IT and new media organisations come up with dodgy acronyms almost as a competitive sport.
ACRONYM - Abbreviated Coded Rendition of Name Yielding Meaning
WOMBAT Waste Of
Money, Brains And Time
WOMBAT Wavelength-Oriented Microwave Background Analysis
Team
WOMBAT Way of Measuring Badly in America
Today
WOMBAT Weapon of Magnesium Battalion
Anti-
Tank
SMUT Spitalfields Market Under Threat
POO Purchase Order Outbound
PENIS Proton-Enhanced Nuclear Induction Spectroscopy (NMR technique)