While Acronyms  form an abbreviation that either mimics an actual word or forms a unique one out of the successive first letters in a phrase or title:  NATO, NASA, OPEC... 

...Bacronyms (or Backronyms) are created "after the fact"--in other words, in reverse. First you select a word and then you use the letters to form a phrase that either defines it or reflects its meaning.  I've done this frequently at work for fun and various clients--including Citibank, where I used TAP-IN to stand for:

Total Asset Program & Investment Network.

I didn't have a clue as to what that actually entailed, but they liked it. 

"Some backronyms (sic?)are back-formed from an initialism or acronym that is an abbreviation with another meaning. For example, IBM is the official abbreviation for "International Business Machines", but  is sometimes jokingly referred to as "I've been moved", used among many IBM employees because of the frequent position changes within the company. IBM is also sometimes known as "I've  been meeting.”  

---from Avasthi's Bacronyms http://www.bacronyms.com/

Some Bacronyms from Avasthi's site:

 FRIEND.  Found rarely in each new difficulty.

NUTS.  Nuclear Utilization Target Selection

MARINE.  Muscles are required, intelligence not essential.

URGENT.  Unless reprimanded, government explains no things.

LOST.  Let others search thoroughly.

SWIM.  Stroking when it matters.

From an charmingly odd blog about words... (http://subtlewordscocktail.blogspot.com/) comes these…

EAR. Earliest Audio Receiver.

CHILD. Charming Hostage In Loving Domain.

MAGIC. Mystery And Gimmickry In Collusion.

PATIENCE. Perseverance And Tolerance In Extremely Nasty Circumstances Even. 

And thus inspired...a few
from the Drifter.

FOX NEWS. Fearful overwrought xenophobia. Never explaining why so.

WAR ON DRUGS. What antagonistic Republicans on Nembutal do regarding unbrainwashed grass smokers.

COMEDY.  Condition of mankind explored during Yuks.

METRO-NORTH.  Mamaroneck express trains rarely on-time, neither on routes to Harrison.

BIG GULP.  Bloomberg is God.  God understands.  Let's Pray. 

DREAM.  Decidedly realistic experience albeit always mysterious.

A SELECT CHOICE SAMPLER OF 
ASSORTED MIXED REDUNDANCIES 
(or just plain silly comments) THAT I OFFER, SERVE UP AND PRESENT TO YOU FOR YOUR CONSIDERATION, REFLECTION, REVIEW AND ASSESSMENT. 

I’m writing an autobiography about my life.

or

It’s a self-portrait  of myself.

I’ve got a busy weekend coming up on Saturday and Sunday

What an unexpected surprise!

I never make predictions, especially about the future. 

Samuel Goldwyn.

Anyone who goes to a psychiatrist ought to have his head examined.


Samuel Goldwyn
 again

Sometimes you can observe a lot just by watching.

Yogi Berra
 

If we do not succeed, we run the risk of failure."

Former Vice-President Dan Quayle


(Heard during the Olympics)

All nine judges scored that an 8.5...which averages to an 8.5. 

My answer is yes in the affirmative.

I’m calling from an empty deserted road
 

I don't normally do requests, unless asked.

When large numbers of men are unable to find work, unemployment results. 
Calvin Coolidge
 

Trapped, like a trap in a trap.

Dorothy Parker
 ( intentional redundancy, so it shouldn't count, but I like it.)

Smoking can kill you, and if you've been killed, you've lost a very important part of your life. Brooke Shields
 

Football is an incredible game. Sometimes it's so incredible, it's unbelievable.

Tom Landry

And this fine album from Branford Marsalis sports the title:  I HEARD YOU TWICE THE FIRST TIME, that I can only assume expresses the great reed player's response to the sound of extraneous echoes...and in the best Mingus tradition the first tune carries the title:  Brother Trying To Catch a Cab (On The East Side) Blues.