@Rob, I agree that too many badges are given out easily. We don't know that this is the case here, though. My son is on his way to 125 (4 extra this year including a very expensive SCUBA badge). There's no way he would be able to properly complete so many except that he's homeschooled and Scouts is a major portion of his curriculum. I'm confident that he has indeed earned every one that he has (and then some :-)). I'm less confident that the Scout whose grandmother signed off every badge did.

There are 111 so far - http://meritbadgeknot.com is keeping a list.

btw, they will ALL fit on one sash.