Katie forwarded a bunch of clever anagrams to me in an email awhile back. They were so funny that I googled to find more. Someone out there had a lot of time on their hands to come up with all these, but they're cool.
Dormitory: Dirty room
Presbyterian: Best in prayer
Astronomer: Moon starer
Desperation: A rope ends it
The Eyes: They see
George Bush: He bugs Gore
The Morse Code: Here come dots
Slot machines: Cash lost in 'em
Animosity: Is no amity
Election results: Lies! Let's recount.
Snooze alarms: Alas! No more Z's.
A decimal point: I'm a dot in a place
Eleven plus two: Twelve plus one
Mother-in-law: Woman Hitler
Barbie Doll: I'll Bare Bod
Conversation = Voices rant on
Delta Airlines = I Land Earliest
Greyhound: Hey, dog. Run!
Merriam Webster Dictionary: May Cite Brainier Word Terms
Pittance: A Cent Tip
Ronald Reagan: A darn long era
Statue Of Liberty: Built to stay free
The United States Postal Service: It dispatches letters to avenues
Tom Cruise: So... I'm cuter
Western Union: No wire unsent
Year Two Thousand: A year to shut down