From their website:
Times Are Tough; Talk Is Cheap
At a recent poetry reading, a poet gave a five-minute introduction to a haiku. Absurdities not being lost on us, we began generating our own haiku responses. We invite you to join us in the first Off the Coast poetry competition.
Entry fee is 25¢ for each haiku and multiple entries are encouraged. Deadline is January 17, 2011 and the winners will be announced on February 2, 2011. First prize is $5. 75. They are working on securing a high-profile judge to make the final decisions. Learn more about the competition here