First prize is a Denon RDC-N7 stereo receiver with Denon SC-N7 speakers, retail value $800! Two runner-ups will win a pair of Denon AH-NC600 noise-canceling earphones each, a $200 value!

The Rules: You, the entrant have to “like” Dangerous Minds on Facebook or follow us on Twitter (or both). Only people who have done this will be eligible to win. You also have to “like” Denon on Facebook.

Then, in the comments below, post the best name for a band you can think of. To be perfectly clear: Not the name of an existing or historical group, but a completely new and hopefully very funny band name. And try not to be too, gross, eh?

The name that makes us laugh the hardest wins the Denon stereo system (an $800 value) and two runner-ups will win the Denon noise-canceling earphones, a $200 value!

You can enter as many times as you want!

It’s that simple. In case you need some inspiration, here’s the list of “new & improved band names” that Jello Biafra came up with. The winning entry will have to be in somewhere in this ballpark. Here are a few more.

The odds of winning (especially if you’re funny) are pretty darn good. So what are you waiting for?

The winners will be announced on New Years Day, 2011.