This incomprehensible headline meme originated with a Fark link on January 1st, 2005. The original headline:

St. Petersburg Times Pricipal . Caught sayof school that has stoped Handstandsing " See, told ya so" Is He dead or not. CNN Says yes. St. Pete Times Looking for chads -OR- "hello, I am write single to salute and wait for answer again" (Fark Link)

It looks like ". caught say" was part of a cut-and-paste which wasn't properly deleted, so the headline would have started "Pricipal of school that has stoped..." which makes a small amount more sense. But not much.