Pepsi... as an acronym?

Apparently, American companies shoudn't do business in Isreal and only sell products in the Arab countries in the Middle East. One example: Pepsi. According to Muslims the drink is an acronym that stands for:

Pay
Every
Penny to
Save
Israel.

To them, especially in Iran the money is used towards bullets that are used to kill Palestinian and Lebanese children, according to an Iranian government TV ad that attacks American products simply for doing business in Israel.

What do I think of it? On one hand, it's very clever because if Pepsi is an acronym, it could be anything with the letters of PEPSI involved. On the other hand, it is stupid, and misinterpreted. I only know Pepsi as a great soft drink; America's cola in my opinion. (Sorry Coke drinkers, personal choice)