Here are some of my favorite anagrams discovered using Anagrams.
Send me your favorites and I'll include the best in future releases.

Mac applications:

                    ResEdit = SEE DIRT
                 SimpleText = LIMP SEXTET
                 SuperPaint = PUREST PAIN
                 PowerPoint = WINTER POOP
             MicroSoft Word = SWIM FOR DOCTOR
          Adobe Illustrator = ALAS TORTURED BOIL

Cities:

                  Barcelona = REAL BACON
                  Amsterdam = SMART DAME
                  Melbourne = NOBLER EMU
                Los Angeles = LEGAL NOSES

Movies:

               Blade Runner = NEBULAR NERD
               The Graduate = EAT DAUGHTER
         The Maltese Falcon = CHAFE STOLEN METAL
    Raiders Of The Lost Ark = TERRORIST AHEAD FOLKS
   Monsieur Hulot's Holiday = SILENT HUMOR IS A HOLY DUO

Movie stars:

                 Tom Cruise = MOIST CURE
                 Mel Gibson = BIG LEMONS
               Sean Connery = ANNOY SCREEN
               Sharon Stone = HONEST ARSON
              Nicole Kidman = OLD CINEMA INK
         Sylvester Stallone = SNOTTY SLAVE SELLER

Famous scientists/mathematicians:

                Alan Turing = LUNAR GIANT        
               Isaac Newton = WAN CANOEIST
           Pierre de Fermat = PREFER DIAMETER
         Douglas Hofstadter = GOD OF RUTHLESS DATA

SF authors:

              Kurt Vonnegut = TURK VET ON GNU
             Olaf Stapledon = PLEASANT FLOOD
             William Gibson = BIG WOMAN IS ILL
           Cordwainer Smith = SHREWD MORTICIAN
          Theodore Sturgeon = GENEROUS RED TOOTH

Australian authors:

               Helen Garner = HEN ENLARGER
               Henry Lawson = NYLON WASHER
               Peter Corris = EPIC TERRORS
               David Malouf = AVOID MAD FLU
              Barry Dickens = CRANKY BRIDES
              Patrick White = THICK WART PIE

Australian politicians:

                Peter Reith = RIPER TEETH
                Tim Fischer = FIRM ETHICS
                Barry Jones = BARREN JOYS
               Gareth Evans = NEVER AGHAST
             Peter Costello = PRESELECT TOOL
             Bronwyn Bishop = BORN BY OWN HIPS
            Laurie Brereton = EERIE LABOR RUNT
           Alexander Downer = DROWN AN EX LEADER

Australian cricketers:

                Steve Waugh = WE HAVE GUTS
               Paul Reiffel = FIRE UP FELLA
              Ricky Ponting = KRYPTON ICING
              Michael Bevan = CAN HEAVE LIMB
             Adam Gilchrist = DIGITAL CHARMS
             Michael Slater = A SMALL HERETIC

Footballers (Aussie Rules of course):

                 Tony Modra = MY TORNADO
                Gary Ablett = GAY BATTLER
               Peter Matera = RARE PET MEAT
              Craig Lambert = TRAGIC AMBLER
             Nathan Buckley = A BLANK CHUTNEY
            Tony Liberatore = TINY TOOL BEARER

Miscellaneous phrases:

   Merry Christmas and a Happy New Year
                            = HEY! WHY CAN DREAMS APPEAR IN MARTYRS?
                            = THE ANSWER IS PRAYER, AND MY PHARMACY

From David Johnson (djohnson@seinan-gu.ac.jp):

                 Ted Turner = Utter nerd
               Billy Graham = Big rally ham
               Howard Stern = He drowns art
         George Bush Junior = Go Bush! Injure Gore!

From Angela Brett (angela@kagi.com):

       iMac Special Edition = Antisocial epidemic
            Stephen Wozniak = Zenith peaks now

From Michael Fischer (MF@MichaelFischer.com):

             Drew Barrymore = MERRY WARDROBE
              North America = MACHO TERRAIN
              Boris Yeltsin = NOISY BLISTER
                  Dormitory = DIRTY ROOM
