Again, I don't know how they do it, but my hat's off to the irreverent British humour.
According to a BBC report, Lloyds TSB customer Steve Jetley set his password to "Lloyds is pants" following an insurance-related disagreement. He was surprised - though amused - to discover it had been changed to "no it's not".
The BBC quoted Jetley as saying "But what really incensed me was when I was told I could not change it back to 'Lloyds is pants' because they said it was not appropriate. I asked if it was 'pants' they didn't like, and would 'Lloyds is rubbish' do? But they didn't think so. So I tried 'Barclays is better' and that didn't go down too well either."
iTWire - UK bank pulls down pants password