The point of Lorem Ipsum is to have something that looks like text, but can't be read. That makes it suitable when you present a design to a client, since it prevents them from focusing on the text instead of the design.

I lorem Ipsum illustration would be abstract art, perhaps?

Reminds me of {placekitten} †, similar functionality delivered as a webservice.

† http://placekitten.com/

Placekitten hasn't been working for a while unfortunately