I wrote about this a couple of years ago (http://www.thecomputerboy.com/horriblelogos-com/) but recently used the company again for my wife’s business.
If you want a horrible logo for cheap, check out www.horriblelogos.com. I shouldn’t have to warn you that the logos truly can be horrible but sometimes they are really clever. For $5 it is worth the risk.
Here is what I got for The Computer Boy and my wife’s business, Proof Before You Publish.