Basically they stuffed the ballots on the Time online voting page where users could vote for most influential person of the year. Most influential person ended up being Moot, founder of 4chan. Just to rub it in they managed to spell "marblecake also the game" out of the first letters of the top 21 entries.
Note: This hack shows more about Time's incompetence than recaptcha's.
In-depths story here: http://musicmachinery.com/2009/04/27/moot-wins-time-inc-lose...