from Wiki:
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The company name in the Road Runner cartoons is ironic, since the word acme is derived from Greek (ακμή; English transliteration: akmē) meaning the peak, zenith or prime,[1] yet products from the fictional Acme Corporation are often generic, failure-prone, and/or explosive.
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and:
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It is a misconception that Acme is an acronym standing for such things as "A Company Making Everything", "American Companies Make Everything" or "American Company that Manufactures Everything".[5][6]
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I prefer the misconception!