The EULAlyzer is a tool that examines EULA (End Userm License Agreements) and provides a detailed listing of possibly interesting words and phrases. The idea is that it can help you to determine if the software you're about to install displays pop-up ads, transmits personally identifiable information, uses unique identifiers to track you, etc.
There are two versions of EULAlyzer - a free version and a pro (non-free). The free version os a 1.7mb download. The Pro version adds some features such as EULA-Watch (detects most license agreements at install) and costs US$19.95. The Pro version also claims to provide happiness (but the small print does state: Note: Happiness is possible because of the extremely lovable nature of Otto the Owl, your EULA-Watch protector who sits in the system tray. However, happiness is not guaranteed. (Although we'd like to think that he'll bring a smile to any person's face!). And here I thought you just needed a penguin to provide happiness!