Using the equivalent of an academic Mad Libs algorithm, two MIT students have had a computer science conference paper accepted. [Full story from CNN.com]
From the prankster's website, SCIgen - An Automatic CS Paper Generator:
"SCIgen is a program that generates random Computer Science research papers, including graphs, figures, and citations. It uses a hand-written context-free grammar to form all elements of the papers. Our aim here is to maximize amusement, rather than coherence."
Gibberish Paper
I read about this matter at Slashdot awhile ago. I didn't read the CNN story too closely, but one critical detail is that the paper was accepted as a "non-reviewed submission." In other words, no one got around to reviewing it, so they accepted it by default. It's not as though anyone saw this paper and was fooled into thinking it was acceptable--nobody ever looked at it, period.