That's what I call it.  Other people may call it something else.
In any case...it is, simply put, the interlacing of new text between the lines of another poster's text.
It's a natural form of Usenet heckling, and I hear it goes as far back as pre-Usenet bulletin boards.
I learned it from reading Kibo, who is a master at it.

I've placed Wackylacing in the Crossthreads, because it clearly cannot be done alone*.  Most of the Wackylacings you'll find here were culled from the Usenet newsgroup alt.fan.tom-servo.  Some of them are the creation of three or four people, as each person introduces another level in the lace.  Many of these posts contain personal comments that may appear insulting to the original poster; self-deriding "first person" laces are the most fun to create.  For my own part, if you see a lacing with "Captain Infinity" in the "From:" header, insults are included for cheap humor purposes only.  True flames are too easy to write to waste energy by including them in a difficult wackylace.

*except if you are wackylacing a post written by one of your alternate personalities, as I did here.

Mid 1999
Squishy Dust Bunnies  16 May 1999
USA's Bombings of China  21 May 1999
New trend: women sucking on pacifiers in public???  1 June 1999
[Xena/Herc] Why can't someone play Isreali God?  7 June 1999
[Xena/Herc] Why can't someone play Isreali God?  7 June 1999
Midnight Shifts, the GODDAMNED NBA, and CRAPASS TNT  4 July 1999
An admittance.  16 July 1999

And now, a special feature: Wackylaces by Lori, 80's Child

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