Backronym

A backronym or bacronym is a specially constructed acronym created to fit an existing word. For example, NASA named its ISS treadmill the Combined Operational Load-Bearing External Resistance Treadmill (COLBERT) after Stephen Colbert. The backronym was a lighthearted compromise in recognition of the comedian`s ability to sway NASA`s online vote .....
Found on http://en.wikipedia.org/wiki/Backronym

backronym

bacronym, backronym Taking a word which already exists and creating a phrase, usually humorous, using the letters of the word as initials; and so the process is the opposite of producing an acronym. An example: SURFSIDE: Small Unified Reactor Facility with Systems for Isotopes, Desalting, and Electricity. —Bob Levey, 'When You Can't Decide, You...
Found on http://www.wordinfo.info/words/index/info/view_unit/2565/3
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