MCSE stands for:

Must Consult Someone Experienced [0]
Morons Crudely Simulating Expertise [1]
My Cranium Softened Easily
My Computer's Software Exploded
Meandering Cosmicrays 'Sodded Explorer
Must...  Contain...   STR.   Eaaaaaaaaaaaurgh!
Mutant Computers Seem Eviscerated
Minimising Competence is So Exhausting
Management Conned by Something Expensive
Management will Catch you with a Screenful of Erotica
Moe and Curly's Software Emporium
Mongolian Clusterfsck Swallows Everything
My Company Screws Everyone
Mutated Convoluted Strokery Everywhere
Monetary Compensation Sounds Exciting
Minimally Cheerful Software Experience
Mad Consultants Slurping Ethanol
Minesweeper Consultant / Solitaire Expert
My Customers Support Extravagance
Making Computers Slow Everyday
Management Coronaries Soon Enough
Maledictis Confutatious Sounds Exquisite
Many Collisions Saturate Ethernet
More Co-opted Standards Everyday
Megabytes Can Soon Evaporate
Making Companies Surrender Everyday
Mortifying Crackle of Static Electricity
Mouse Clickings of Sophomoric Experimentation
Massive Computational Solar Eclipse
Misunderstanding Cryptically Strange Errors
Mass C Squared is Energy
Moot Crypto Software is Exportable
My Cat Studies Ecclesiastes
Making Computers Susceptible to Exploit
Mounteback Causing Significant Expenses
Multiple Corrective Servicepack Exorcist
Maybe Could Suggest Exorcism
Mouse Clicks Selected "Erase"
Managing Computers by Slapdash Empiricism
Meowing Cats Suggest Evil
Managing Crap Systems Everyday
Madly Causing Slashdot Effect
Mainframe Computers Seemed Extinct
Maintenance Contracts Seem Expensive
Making Computers Spew Errors
Moron Confused by Sun Equipment
Marginal Computer Software Enthusiast
Marketing Cancels Software Efficiency
Marksmanship Can Solve Everything
"Mayday", Called Some Experts
Migraine-Causing Suckage Extravaganza
Molasses Comparitively Seems Expeditious
Molotov Cocktails Shutdown Electricity
Monkies Composing Shakespearian Equivalents
Mutant Computer Solutions Evangelist
Most Computers Suck Exasperatingly
Mozilla Couldn't Stomach Explorer
Morning Comes So Early
Millenium Caused Societal Extinction
Making Cretins Self-Employed
Mail Consumed Somewhere in Exchange
Mischief Causing Shipwrecked Equipment
Mindfscked Computers Swapping Egregiously
Manipulative Closed-Source Economics
Management Can't Send E-mail
Misconceived Computer Science Experiment
Massive Cyberspace Sheepshearing Empire
Motherboard Chips Simulate Encephalopathy
Mutated CP/M System Emulator
Managers Contain Significant Egos
Me-too Computer Science Education
Most Computers Suck Eggs
Maintenance Costs Significantly Extra
Minion of the Crappy Software Empire
Misguided Consultant Slagging Eunuchs
Many Cannot Secure Exchange [2]
Most Cleaver Scam Ever
Mommy, Can't Somebody Else?
Most Clever Scam Ever [3]
Most Crappy System Ever [4]
Mitred Creosote Synergism Efficients [5]
Misfire Crediting Softener Ecosystem
Misfired Confectionery Smites Egrets 
Mystified Conformist Secret Energies
Must Completely Switch Electricity? [6]
Many Confusing System Errors [7]
May Cause Some Embarrased (sic, s/b Embarrassment)
Many Cold Sleepless Evenings
Massive Compensation, Scant Experience [8]
Mostly Causes Stupid Errors [9]

HTH.  HAND.

[0] anonymous/unknown
[1] and following: AdB
[2] and following: Scott Packard
[3] Scott Packard and Niklas Karlsson
[4] Jeff Ramsey
[5] and following: Paul Martin and an anagram generator
[6] Andy Cunningham
[7] and following: Michel Buijsman    
[8] Mike Andrews
[9] Matt S Trout