It reads "Bu_S_h" (with a swastika S), "_C_heney" (with a cent sign C), "A_SS_croft" (with the Nazi-SS double S), Fuck Amerika, and so on.

I went into the restroom today at work. It gives a sense of the kind of customers that Borders bookstores attract to examine the key-scratched graffiti on the toilet paper dispensers. Hey, at least they stay current.