Best graduation prank ever!

A group of accounting students at Washington State University decided to promote their major by spelling "Accounting" on their mortarboards, one letter per mortarboard. (Nothing unusual so far, right?)

Then, one "c" was changed to an "a," and the mortarboards were rearranged. Can you guess what they spelled?

Hint: Christine Gregoire, (allegedly fraudulently elected) governor of Washington, was speaking.

Check out Why Did This Happen? for pictures. It's well worth a click.

(Via Dave Justus)