Awarded to those who are not currently holding any other position.
To qualify, you need to be either:
A) Responsible for the most noobish and/or ignorant comment in recent history
or
B) Be unanimously voted the funniest person on the forum in recent history
or
C) Both.
I myself, as of now, qualify based on the first condition...
But really, I'm mostly joking. I was more curious about how events, awards, and forum titles are created and how to get in on the action.