Here's how it goes:
Bob: GLFOE
Bill: Uh... Get Laid Fast Or Else (I seriously just made that up). VLJWP Go!
Joe: Hmm... Very Light Jewelry Wasn't Proper. Now do GLEIS
Bob: Uh... Gary Likes Eggs In Salads
That's just a small demontration. I'll post the first 5 random letters that I feel like hitting, then the next person must develope an acronym that fits. Acronyms may range from 4 - 7 letters, and "sub words" may be used, like "a", "of", "on", "for", etc. Contractions "aren't", "won't", "couldn't" etc. may be used in the acronym.
Note: The best way to come up with random acronyms is to just hit your keyboard until you get enough letters.
Edit: Any word exceeding the 7 letter limit can either be played normally, or cut off at the seventh letter.
Any word falling short of four letters can either be played normally, or given enough letters to reach four.
If a post does not contain an acronym for you to follow up on, just post an acronym.
I'll start: SGBPA