Goes like this:
find a random wikipedia article: http://en.wikipedia.org/wiki/Special:Random
the name of the article becomes the name of your band (this would work so much better i you guys didn't censor wiki...

find a random quote: http://www.quotationspage.com/random.php3
go to the last quote on the page, the last four words become the name of your album.
now find a picture: http://www.flickr.com/explore/interesting/7days/
use the third picture on the page as your album cover
put it all together in paint or photoshop or whatever you have.
and you get your album.
Now for an extra challenge I decided I would try and write the title track for this album (or any track really) based on what genre the album cover suggested.
For example, after a numberr of tries this came up and I decided to record it (click for mp3)

I would love to see what you guys come up with. Its not a required date of entry sidefight or anything, just some fun songwriting excercise. Give it a go and post your results. 8)