"If you were born in the United States you may also be considered an Italian citizen if any one of the situations listed below pertains to you.
Seriously, people do this all the time. Check out the forums on expatsinitaly.com
I know you want desperately to believe that, but again, the Italian Government makes it very clear that you (or anyone else who thinks they may be eligible by descent up to the 2nd degree) must APPLY for Italian citizenship. It says U.S. born descendants up to the 2nd degree MAY be considered an Italian citizen. You would have to APPLY in order to verify if Italy considers you to be such.
The Consulate's FAQ regarding citizenship: Citizenship FAQ
They process applications from Italian descendants located all over the world.
“WAHHHH!!! Leave Barry alone, let’s make this thread about me” says Bubba.