No, you’re holding it wrong!

That would be painful for GNU (GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for GNU’s Not Unix, where the first part stands for…

Also, isn’t GIF itself an acronym? something-or-other Image Format?

It is! Jraphics Interchange Format.