American Thoroughbred racehorse that won the Breeders' Cup Classic in 1996 (8,4)
I believe the answer is:
alphabet soup
(Other definitions for alphabet soup that I've seen before include "Confusing assortment (of letters)" , "Letters served in liquid" , "Letter-filled broth?" , "Confusing assortment of initials" , "A confusing series of letters" .)