The image you see above is not photoshoped. Follow this link to verify. Using the special characters, number of such words can be formed.
The URL looks something like:
http://www.google.com/search?hl=en&lr=&safe=off&q=%E2%96%84%E2%96%84%E2%96%88%E2%96%80%E2%96%80+%E2%96%88%E2%96%AC%E2%96%88+%E2%96%88+%E2%96%80%E2%96%88%E2%96%80&btnG=Search
A close look at the searh term, you will notice terms like “%E2%96%84″
The last number of the three component term, decides the position of the blocks.
%E2%96%84- bottom horizontal dash
%E2%96%88 – straight line
%E2%96%80 – upper horizontal bar
%E2%96%AC – middle bar
%E2%96%BC – Down arrow
Many other such symbols are possible. You can always do the trial and error to find them. But with the above 5 codes, you can symbolize: H, I, J, L, M, S, T, U, W and Z.
A combination of %E2%96%84,%E2%96%84,%E2%96%88,%E2%96%80,%E2%96%80 will give you the letter S. To separate letters, use the ‘+’ operator in the search term feild.
Where can you use this. As of now, this doesn’t make sense. But this can also be made use of to label your google videos/photos etc. This will help capture attention 
Hack the Bot: google, google+hacks, hacks, entertainment, fun, bug, search, tag, categories, tips
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Nice One dude Tried to submit to DIGG. LOl looks like you already did.
@Bluesaze:
Thanks a million for the gesture
really useful info
perfecto..
change the lable for orkut
wikiped
interesting information
change it for orkup
how
lol
i like this post very much
thank you everyone
interesting post
thanks