Trinity Southern University, Texas, is one of those Halls of Academia that awards online degrees. For $299, they awarded an MBA degree, a Masters in Business Administration, to one Colby Nolan of Harrisburg, Pennsylvania. Nolan did not have to attend any classes - it isn't entirely clear if any classrooms actually exist at Trinity Southern - but was awarded the MBA on the basis of Nolan's resume, which listed Nolan's experience in retail management and baby-sitting.
There is only one little snag - Colby Nolan is a six year old black cat belonging to a deputy attorney general of Harrisburg, PA, and Harrisburg, PA, is currently engaged in suing Trinity Southern University con brio - the state is seeking permanent injunction, civil penalties, costs and restitution for violating consumer law and restrictions on unsolicited e-mail ads. You can read about it on MSNBC.com - once you pick yourself up from the floor.