Wow, you're a real hardcore shorthander since you truncated "ASCII" down to even shorter "ASCI" in your post! That stands for American Standard Code for Information Interchange for those who might be interested. Hey, that's an intelligent and reasonable abbreviation I can support! 
Typing something like "H20gate" or similar doesn't save time compared to simply writing "Watergate" for people to read.
~ Blue Jays ~