Election for Mod?

I've just had an idea! And this time it's not one of my random, philosophical/scientific questions that makes your head explode!
No, this one is a top-notch, A-grade, purified idea:
ELECTIONS FOR MODS
Bear with me. Instead of wicked using her "eenee meanie minee mo" method of selecting mods, how about there is a forum-wide election to see who would get that ever-so desired position. Of course the mods now would have to approve, but if they did, then at least the new mod would have been chosen by the people, instead of some competely random person that wicked dragged in off the street. It would be someone already here, respected by the CC populace.
Naturally I am 99% this idea will never go past "theory" stage, it may have been even suggested before. But meh to that.
Thoughts?
No, this one is a top-notch, A-grade, purified idea:
ELECTIONS FOR MODS
Bear with me. Instead of wicked using her "eenee meanie minee mo" method of selecting mods, how about there is a forum-wide election to see who would get that ever-so desired position. Of course the mods now would have to approve, but if they did, then at least the new mod would have been chosen by the people, instead of some competely random person that wicked dragged in off the street. It would be someone already here, respected by the CC populace.
Naturally I am 99% this idea will never go past "theory" stage, it may have been even suggested before. But meh to that.
Thoughts?