An acronym that disses or satires the commonly associated acronym. So instead of NBA meaning "national basketball association" it could be "nothing but airheads."
FEMA - Failure to Effectively Manage Anything
ETS - Evil Testing Serpent (see awesome book Up Your Score)
NCAA - Nothing Collegiate About the Athletes
UN - Useless Neutrality
MCAT - Miserable Cramming After Twilight
NHS - Nasty Hoes' Society
USC - University of Second Choice
TTYC - Too Talkative, You Crackhead
HONDA- History Of No Dramatic Acceleration
All of the big acronyms used in the media can be converted to smacronyms.
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