The concept, yes, if the initials actually could reasonably make another name. Personally, I think that honouring "everybody" that way sort of waters it down to not really honouring anybody.
Three boys nappin', one mama namenerdin'
To peruse my top 100ish names:
http://www.behindthename.com/pnl/82589
He is becoming greater, I am becoming less
Bits of the journey here:
http://jodifriesen.blogspot.ca/And some family cuteness here:
https://www.flickr.com/photos/41705228@N08/This message was edited 4/25/2015, 4:13 PM