From the swagguy :

Alright guys, we're going to postpone the 100K Facebook Challenge Swagcode promotion until tomorrow.
We apologize for the inconvenience but WHEN WE HAVE THE ISSUES FIXED TODAY,
Swaggernauts WILL GET HOOKED UP WITH A CODE THAT WILL BE GOOD FOR MANY HOURS , so you will have amply opportunity to redeem it and it will be good on all sites.
Sorry again about the delay.

it was a "joke" anyway . .first hour . .it was ONE person code for 25 .. next hour .. 5 would win . .the site was slow and impossible to navigate .. not worth it . .hopefully many can get it tmorrow .. for less. .

Yes, wasn't too thrilled myself .
Was all set and ready to go at 3pm , to find out about the waste my time code hunt that only 1 person would win.
Gave up on the code hunts but was waiting for 7pm EST , when they were suppose to start some regular codes for everyone .

Oh well , we will still get a code ( long one ) tonight when it's fixed and hopefully tomorrow will be a better day.