If this jury-rigged, duct-taped "password hashing" scheme impresses you, I've got some land in Florida you might be interested in.

Seriously, though, it's a complete fallacy to think that more complicated password hashing schemes with lots of fancy steps are better. I was at the talk where this scheme was presented, and Alec Muffett himself said the only reason it was so complicated is because they had to layer stronger hashes on top of existing ones instead of revoking all outstanding session cookies (forcing every Facebook user in the world to re-authenticate).