There are indeed methods for embedded text in the blockchain, the most famous being Satoshi Nakamoto's entry in the first block, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
Some worry that child pornography could be stored in the blockchain, thus implicating anyone who downloads it, though the illegality of that is rather questionable.
Some guy just put 2.5 Mb of Wikileaks cables into the Bitcoin blockchain.It's out there forever now.Very cool use of the tech.
— John Robb (@johnrobb) April 24, 2013
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