Three new teams:
53. Team 53 (hero of time 43/Sephirot1 Returns)
54. Team 54 (Redtooth/Ness26)
55. Team 55 (Sir Chris/The n00b Avenger)

FINAL Team list (name changes still allowed for teams that haven't picked a name):
1. Team We Used To Be Good? (Kaxon/King Morgoth)
2. Team Horrible Rivalry (KleenexTissue50/Applekidjosh)
3. Team Robo Chocobo Remix (Vlado/Inviso)
4. Team Indestructable Jerky (Shoenin_Kakashi/Lopen)
5. Team Umbrella Corporation (FFDragon/Luis_Sera89)
6. Team Elton John's Time Machine (Paratroopa1/GrapefruitKing)
7. Team Loop Troops (Zylo the wolf/yoblazer33)
8. Team Predestined Divination (Ngamer64/creativename)
9. Team Crab People (th3l3fty/Caelus)
10. Team The Flying Buttresses (Draco1214/Rodri316)
11. Team M-O-O-N That Spells Hoss (warning_crazy/longbladeofhiko)
12. Team The Drunkadelict Armadillos (Dekar TKB/Giggsalot)
13. Team Happy Happyists (Camden/meche313)
14. Team We're Beyond Team Names (Lightbearer75/Ayvuir)
15. Team Fodder (Pats_Dynasty/Coffee Ninja)
16. Team Koopa Troopers (dethfddddh/ledfanatic4)
17. Team Auto-Lose (Ed Bellis/Explicit Content)
18. Team Organization II (Big Bob/SuperSmash Master)
19. Team Jay Solano (transience/Team Rocket Elite)
20. Team Jigglypuff (kawaiifan/Alanna82)
21. Team soxdude777 (red sox 777/somdude04)
22. Team ***** (Janus5000/LivingInAComa)
23. Team Moltar and DC are Going Down (Z1mZum/WiggumFan267)
24. Team Eden (ad00/TheCruelAngel)
25. Team 25 (MakeYourChance/Naye745)
26. Team 26 (outback/SythaWarrior)
27. Team Interception (Tweeeked/Theo72)
28. Team Midnight Revelations (Master Moltar/Dilated Chemist)
29. Team InSPOREational (alpha door/stingers135)
30. Team 4chan party van (RX7InfinitiIII/goku z)
31. Team Wii <3 Katamawii (Aprosenf/MegatokyoEd)
32. Team 32 (Dunkeroo23/Ringworm)
33. Team Obscuretemple (Seginustemple/ObscureMammoth)
34. Team Nebuchadnezzar (Shivan Reincarnated/Jecht)
35. Team I Voted For Kodos (cyko/Yesmar)
36. Team Shut up Kleenex (Repus_Yortsed/Luster Soldier)
37. Team Klonoa Alliance (raytan7585/amyvitality66)
38. Team 38 (Radix/Do not even ask)
39. Team No Probalo! (Lagoona/Xuxon)
40. Team Double Red Card (Darkash/Heroic Viktor)
41. Team Magician's Magic Ballz (BBallman7/magicians magic hat)
42. Team 42 (therealmnm/swirIdude)
43. Team 43 (ActJef1077/Weird Kirby Dude11)
44. Team 44 (ps2rulezzz/basmeyer42)
45. Team 45 (XxSoulxX/IhatethisCPU)
46. Team 46 (dethwing/supdawg)
47. Team 47 (fortybelowsummer/StopPokingMe)
48. Team 48 (yoshifan823/BlAcK TuRtLe)
49. Team 49 (Menji76/and now I dance)
50. Team 50 (jonthomson/kaonashi1)
51. Team 51 (chocoboslayer/PeaceOut64)
52. Team 52 (Tsunami70/marioinblack)
53. Team 53 (hero of time 43/Sephirot1 Returns)
54. Team 54 (Redtooth/Ness26)
55. Team 55 (Sir Chris/The n00b Avenger)
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Nominate Aeris for SC2k6