It wasn't a joke suggestion-- I actually like the name, and was thinking more in terms of drawing lines between this and the Human Genome Project when I originally wrote it. This comment was also highly upvoted before people pointed out the joke, though it may be that people were laughing in secret and there are more "funny upvotes" than "quality upvotes."

That being said, in the anime Neon Genesis Evangelion, there is something called the Human Instrumentality Project. The FAI Critical Failure Table result linked is a reference to the goal of this project, which is (in)famous amongst fans of the show; I can't really say more without spoilers. Googling should provide a more complete overview if you don't get it.