Counterfit said:
HAHA!! Funny stuff. Of course, I won't test it myself, just in case
Also, they could be charged with a crime (I forget what it's called though

) for destroying money like that. Many people don't know, but the actual coins and bills are property of the Federal Government, they just let everyone use it with the guarantee that it will be accepted anywhere in the country in exchange for goods or services (or "just because").
Just to be precise, I'm pretty sure dollars are promisory notes from the government that they can be redeemed for the given amount in gold, hence currency is backed by the Federal Reserve and the country's stockpiles of gold. Since dollars REPRESENT government gold, they can be exchanged for goods and services when both parties agree to a price. Ergo, "medium of exchange". This is why people buy gold (i.e "redeem their dollars") when they fear the economy is going to tank and dollars won't be worth as much in the future.
As for a related topic: does anyone know if postage stamps count as legal tender, since they can be traded with the government for money?
Regarding burning the bills:
"Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months, or both.
"Defacement of currency in such a way that it is made unfit for circulation comes under the jurisdiction of the United States Secret Service. Their mailing address is:
United States Secret Service
950 H Street, NW
Washington, DC 20223."