Heck yeah, coming up with a wacky password that you can actually remember is half the battle... GI JOE!!!!
Something I have done for passwords is turn a normal word, say... "Live" and rotate it 180* to "a^!7" (no, I don't use that password for anything)
Works well. I can even write the original word on a piece of paper and leave it right next to my computer. It would take a very clever person to figure it out.