Looks like a good use has been found for the London 2012 Olympic Games logo, for which a design fee of $800,000 was paid.
Make sure to scroll to below the fold.
Update: And more fun still.
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Please spread the word
Check this out for another angle:
http://drinksoakedtrotsforwar.blogspot.com/2007/06/lympics-logo.html
And more good ones:
http://mreugenides.blogspot.com/2007/06/olympic-logo-unveiled.html
http://devilskitchen.me.uk/2007/06/sporting-brands.html
http://sport.independent.co.uk/olympics/article2614589.ece