I saw this once on a friend's site. He is selling it for 20 bucks. It's ASCII art!

http://thephppro.com/products/captcha/

  .oooooo.         oooooooo 
 d8P'  `Y8b       dP""""""" 
888      888     d88888b.   
888      888 V       `Y88b '
888      888           ]88  
`88b    d88'     o.   .88P  
 `Y8bood8P'      `8bd88P'