Political Action Committee. Uh...Performing Arts Center. No, Professional Archery Contest. Personal Ammunition Container? Propinquitous Arbitration Curtailment? Porcine Ambivalence Council? Come on, dang it, gimme a clue here...
I favor the Personal Ammunition Container guess. In my case, that would have to be plural, though. I take it as my patriotic duty to buy ammo whenever I have a few extra $$ - it never goes bad.