The acronym we use here is TWO MALT. So if I'm not feeling particularly ambitious on any given day, I might say, "I'm having a TWO MALT day." It stands for "The World Owes Me A Living Today."
:) really funny! Shows the gullibility of PHB as well as Wally's lazy cleverness! Good job
@cecilieaux, in fact, an acronym can be both a word or just letters:
http://en.wikipedia.org/wiki/Initialism
"The term acronym is widely used to describe any abbreviation formed from initial letters"
there is no error on Scott's part!