You ****ing new***s.
Sgt Lulz is pointing out that the letters that are colored in the "BOUT" logo posted spelled out "BUOUT" rather than "BOUT".
Therefore, this is funny/ironic, because you would've expected that, since it's called BOUT, it would spell out BOUT.
Thus the funny part about it is that N-Log was either too stupid to spell BOUT, or too stupid to realize they should've put BOUT.