What's this junk about? What's somebody going to steal with my Cherokee Club Password. Wait till you get old and have enoough trouble remembering your name much less a new password. Then making one use numbers, caps, lower case, symbols, (*(^(*^(*)_)(%&*&^
It's about general password standard practices.
A lot of people use simple passwords, which are easy to guess / crack. In addition, a lot of people use the same password in multiple places.
If someone gets access to your email address and password, they may have access to a lot more depending on your password practices.
It's always a good rule of thumb to change your password regularly, just for this very reason.
If website1 is compromised, how many other websites are you using the same exact username and password with? Your bank? Your paypal? Your email? Your amazon account?
In addition, having access to a forum gives someone a lot of access to personal information via your own admissions. If you spent time tracking down all 2500+ of my posts, you'd know a lot about me. Add in my profile information and you'd have a nice dossier on how to pretend to be me.
I've been the "victim" of credit card fraud. Someone opened a Best Buy credit card in my name. They opened in a store, using my social security number, my home address and everything. That means that somewhere out there, is a fake ID with my name and former address on it. (I say victim because the Creditor of the card caught it before the first bill arrived, they took care of everything.)
If you have trouble remember passwords, you should try something like LastPass Free. It will log and manage all of your passwords. It will even generate some CRAZY complicated passwords if you want it to. With it's use, you will only need to remember 1 Master Password. But, if you decide to go this route, make sure the Master Password is a pass phrase or very difficult.