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Today, Daymond John is one of the "sharks" on Shark Tank. In 1992, he mortgaged his house to found the fashion line FUBU. What does the acronym "FUBU" stand for?

1) For Us By Us
2) Fashion United By Us
3) Forever United By Us
4) Fashionable Urban Brand United

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Final answer:

The acronym FUBU stands for 'For Us By Us.' It was founded by Daymond John in 1992 to represent African-American culture and style in mainstream fashion.

Step-by-step explanation:

The acronym FUBU stands for For Us By Us. This was a fashion brand founded by Daymond John in 1992, which he started by mortgaging his house. The name represents the brand's ethos of being a clothing line designed by African-Americans for the African-American community, although it has since gained a much broader appeal. It was a key player in bringing the urban streetwear movement to the mainstream fashion world.

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