Those left out in the rain at McCarren a few Sundays ago, take heed: psych-pop Brooklyn phenoms MGMT are performing TONIGHT at 10pm on the newest episode of Sundance Channel’s excellent Live From Abbey Road. To mark the occasion, we’ve decided to reward the most managerially sound of you with loads of free merch. Are you ready for another giveaway? Good.

We want you to come up with a new and interesting acronym for MGMT that’s NOT one of the following:

- Management
- Methyl Guanine Methyl Transferase
- Make a Good Magnetic Track of ___ Degrees*

Make it funny, creative, captivating, absurd, whatever, just make it interesting. One grand prize winner with the best MGMT acronym will receive the following treasure trove of goodies:

- 2 MGMT limited edition colored 7 inches (’Time To Pretend’ and ‘Electric Feel’)
- MGMT stickers
- MGMT shoelaces
- $180 worth of Sundance Channel gear including speakers, a bag, shirts, and more

And we’ll also be picking one runner up who will walk away with a copy of MGMT’s Oracular Spectacular (CD) as well as MGMT stickers and shoelaces.

Send your answers to mail@earfarm.com and we’ll let you know next Thursday morning (8/14) if you’ve won. Now, if you can’t wait until tonight for the show, check out some performance and interview clips from Abbey Road below:

This isn’t time to pretend. This is time for acronyms!

Visit MGMT on MySpace.

*above acronyms derived with the help of AcronymFinder, hours of fun await!