Do coat hangers sound as good as Monster cables?

The cables made by Monster Cable (the company that enjoys suing other companies that have the word "monster" in their name) sound no better than coat hangers, according to a man who ran a blindfold test to compare the quality of audio running through each.

From The Consumerist:

200803031241 Can you tell the difference between music that passed through a pricey Monster stereo Cable, and a coat hanger? A reader forwarded us a post from the Audioholics Home Theater Forum and its author says no. He says his brother ran an experiment on him and four other audio aficionados listening to a new CD from a new group blindfolded. Seven different songs were played, each time heard with the speaker hooked up to Monster Cables, and the other time, hooked up to coat hanger wire. Nobody could determine which was the Monster Cable and which was the coat hanger. The kicker? None of the subjects even knew that coat hangers were going to be used.
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Previously on Boing Boing:
James Randi Calls Out Audiophile: I'm Sure the Crickets Will Sound Fantastic