Although it was from only a couple of people, I had an enthusiastic response to a very tentative suggestion that it might be rewarding to see whether a polymath project could say anything useful about Frankl’s union-closed conjecture. A potentially worrying aspect of the idea is that the problem is extremely elementary to state, does not seem to yield to any standard techniques, and is rather notorious. But, as one of the commenters said, that is not necessarily an argument against trying it. A notable feature of the polymath experiment has been that it throws up surprises, so while I wouldn’t expect a polymath project to solve Frankl’s union-closed conjecture, I also know that I need to be rather cautious about my expectations — which in this case is an argument in favour of giving it a try.
A less serious problem is what acronym one would use for the project. For the density Hales-Jewett problem we went for DHJ, and for the Erdős discrepancy problem we used EDP. That general approach runs into difficulties with Frankl’s union-closed conjecture, so I suggest FUNC. This post, if the project were to go ahead, could be FUNC0; in general I like the idea that we would be engaged in a funky line of research.