There's not much preventing me from re-assinging copyright to myself (in countries that allow it) and then suing the original creator.
There's nothing to stop me from taking your code, re-licensing it under say a proprietary license, then suing the original creator.
There's nothing that stops me from taking your project's branding/symbol/graphics/name and claiming it as my own and then suing you.
There's nothing that stops me from taking your work and then not providing attribution back to the original creator.
By default there is nothing that absolves the license holder from warranty nor implied fitness for use. (If it destroys my computer running your code, I can sue you, and worse, you accept liability by default). That is, unless you include the optional snippet of text that absolves any warranty issues... but since it's optional, and not on the main license page (it's in the FAQ page), many authors forget to include this.
There are other things too... like, legally, what does "DO WHAT THE FUCK YOU WANT" actually mean? The law is black and white (or at least we try to be), being in the grey opens the door for abuse. Has it been challenged before in a legal sense? Has a lawyer reviewed it?
While I certainly understand the intent and spirit of this license; this license appears to be nothing more than a bad (and somewhat distasteful) joke that serves more harm than good.
I agree, better off choosing a public domain license or one of the several vetted FOSS licensees.