I have been searching unsuccessfully to find one I had from the summer. I was just making combos for a Top Four type post, and I realized afterwards that they were an acronym.
Overall, I wouldn't start out naming them with the intention of completing a word -- too many variables: number of kids, gender of kids, etc.
But I don't think it's completely terrible. If parents simply
must name their kids with a theme, something random like an acronym would get my support because it's not immediately obvious.
IIRC, and just thinking on names I like now, mine was probably HOMES -
Henry,
Oliver,
Miles,
Elliot,
Stephen. :)