An anagram - A word or phrase formed by reordering the letters of another word or phrase, such as satin to stain (definition from dictionary.com)
Anagrams are most humorous and if you've read "The Da Vinci Code" you'd know that conspiracy theorists love them. Check out this website, put in your name and enjoy the hilarity of seeing your name put into fun phrases. http://www.wordsmith.org/anagram/
CAMP ROT TROT is my personal favorite that comes from Matt Proctor.