> Basically the contest goes like this: If you see some shady MIB (Men in Black) earphone penny loafer sunglass wearing Clint Eastwood to live and die in LA type lurking about, point him out. Just get my attention and claim out loud you think you have spotted a fed. The people around at the time will then (I bet) start to discuss the possibility of whether or not a real fed has been spotted. Once enough people have decided that a fed has been spotted, and the Identified Fed (I.F.) has had a say, and informal vote takes place, and if enough people think it's a true fed, or fed wanna-be, or other nefarious style character, you win a "I spotted the fed!" shirt, and the I.F. gets an "I am the fed!" shirt.
http://www.defcon.org/html/defcon-13/dc13-spotthefed.html
edit: Oops, should have read the article first, it is mentioned there :/