September 15, 2003: Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a total mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Fcuknig amzanig huh? (via taylor)

Update: Here's an explanation of how this works as well as a debunking of some of the inaccuracies:

I've written this page, to try to explain the science behind this meme. There are elements of truth in this, but also some things which scientists studying the psychology of language (psycholinguists) know to be incorrect. I'm going to break down the meme, one line at a time to illustrate these points, pointing out what I think is the relevant research on the role of letter order on reading.