Ooh, yes it is!!!
Anagrams are words or phrases made by transposing or rearranging letter of other words or phrases. This is a list of some pretty dam good ones, obviously there are people out there with way too much time on their hands.
Lets have a look at them...
"Desperation" - A Rope Ends It
"The Morse Code" - Here Come Dots
"Slot Machines" - Cash Lost in 'em
"Mother-in-law" - Woman Hitler
"Alec Guinness" - Genuine Class
"Semolina" - Is No Meal
"The Public Art Galleries" - Large Picture Halls, I Bet
"A Decimal Point" - I'm a Dot in Place
"The Earthquakes" - That Queer Shake
"Eleven plus two" - Twelve plus one
"Contradiction" - Accord not in it
Here are some big daddies ones...
"That's one small step for a man, one giant leap for mankind." Anagram: "A thin man ran; makes a large stride, left planet, pins flag on moon! On to Mars!"
"President Clinton of the USA" Anagram: "To copulate he finds interns."