|Acme ("highest point")|
The canonical supplier of bizarre, elaborate, and non-functional gadgetry -
where Rube Goldberg and Heath Robinson (two cartoonists who specialized
in elaborate contraptions) shop. The name has been humorously expanded as
A (or American) Company Making Everything.
(In fact, Acme was a real brand sold from Sears Roebuck catalogs in the early 1900s.)
Describing some X as an "Acme X" either means "This is insanely great", or,
more likely, "This looks insanely great on paper, but in practice it's really easy
to shoot yourself in the foot with it." Compare pistol.
This term, specially cherished by American hackers and explained here for
the benefit of our overseas brethren, comes from the Warner Brothers' series
of "Roadrunner" cartoons. In these cartoons, the famished Wile E. Coyote was
forever attempting to catch up with, trap, and eat the Roadrunner.
His attempts usually involved one or more high-technology Rube Goldberg devices -
rocket jetpacks, catapults, magnetic traps, high-powered slingshots, etc.
These were usually delivered in large cardboard boxes, labeled prominently
with the Acme name. These devices invariably malfunctioned in improbable and violent ways.
Source: Jargon File 4.2.0
(Found at : "http://www.dictionary.com/search?q=Acme")