Found a good example of bad kerning on Kevin Bacon's website. NSFW text, depending what you see.
web_design
Jizz to these sluts: young and old, white and black, amateur and pro pornstars
http://imgur.com/8zGnd
original: http://imgur.com/8zGnd
web_design
ladybonersgw
dolan
gonewild
dolan
girlsinyogapants
gonewild
gonewild
GoneWildPlus
boltedontits, formylover
gonewild