This post is pure self-indulgence to celebrate that I'm now a Master of Arts. \o/ And it was the easiest academic qualification I've ever attained. :) A few weeks ago I just sent off an application form and some money, and today I picked up from the post office an official certificate entitling me to put the letters MA after my name. And yes, it's from a proper university.
I understand that the more new-fangled institutions - those founded after the 13th century AD - expect you to pass exams and stuff before they give you an MA, but Oxford and Cambridge still do it the traditional way.