I suppose one could use http://brainwallet.org/#converter to translate this address (using Base58Check instead of text):

1GoZzZBqG59VyDVeNRAjjscPwRL4guovWG

into this (poetry):

meet happiness eager like hill beam abuse confidence goodbye awake scary dude diamond flicker law

and then back again on the other end.

At least it might be easier to read over the phone?

I was further thinking that someone could re-write the poetry engine so that the first word is a person's name, the second word is a verb, the third word is an adjective and the forth word is a noun. Then there would be four sentences to remember.