I've been playing with an acronym generator. Not for fun, you understand: it was related to an actual, i.e. income generating, project I'm working on. Among other things it came up with:
and for Velvet,
Want to play? The acronym generator is at HyperGurl.
There are plenty of others. A more science fiction oriented one has lists from which you can choose words randomly. So I could be, for example, Forensic Underground Laboratory Augmenting Negative Insurrection...